your password has been reset successfully, Please login again.

Pre-Owned Cars Selling Platform, Spinny Raised INR 92 Crore in Round of Funding

Spinny will be deploying the fresh capital to widen its footprint in Bengaluru.
BY BEx Bureau
BusinessEx
May 22, 2019

The Gurugram-based used cars platform, Spinny has hoisted roughly INR 92 crore in Series A round of funding, which was led by Accel ( a venture capital company) and SAIF Partners (an investment company).

Besides the aforementioned firm, the venture capital company, Alteria Capital has participated in the round of funding as well.

The used-car market in India is a massive opportunity but needs fulfilment as well as discovery to ensure total customer satisfaction. Spinny is well poised to deliver this and we are happy to support the team as they expand across India, Co-founder and Managing Partner of Alteria, Vinod Murali said in a statement, as reported by the Indian daily news, VC Circle.

Renowned industrialists namely, Harsh Chawla, a partner at True North and Raghunandan G, co-founder of TaxiForSure, which later got acquired by Ola, were also present in the round of funding.

Spinny is originally administered by Value Drive Technologies and was incorporated in 2015. The company will be deploying the fresh capital to widen its footprint in Bengaluru.

In 2017, the startup company has raised roughly INR 6.4 crore in a Seed Round of Funding, which was led by Blume Ventures. Kunal Shah and Sandeep Tandon, Co-founders of Freecharge and Indian Angel Network, had also participated in the seed funding round.

Please add your Comment
SIMILAR News
October 21, 2019
The company plans to employ fresh funds to establish a second campus in Mumbai by the end of this ye ...More
By Jaspreet Kaur
October 21, 2019
Following the investment, the Tamil Nadu-based firm, Dindigul Thalappakatti is pegged at around INR ...More
By Jaspreet Kaur
October 19, 2019
Elores is essentially a novel drug combination that helps to treat life-threatening infections. ...More
By Jaspreet Kaur
October 18, 2019
Black Coat Technologies Pvt. Ltd has recently obtained INR 3.5 crore in a seed funding round from a ...More
By Jaspreet Kaur
October 18, 2019
Remedico is essentially a component of Venture Catalysts’ focused healthcare accelerator, Healthcare ...More
By Jaspreet Kaur
October 17, 2019
BASF is reportedly collaborating with partner firms to assess the feasibility of petrochemical compl ...More
By Jaspreet Kaur
October 17, 2019
With this funding round, the company has gathered INR 70 crore funds to date. ...More
By Jaspreet Kaur
October 14, 2019
Singapore-headquartered e-commerce company, Shopmatic Pte Ltd has wholly acquired SaaS startup, Comb ...More
By Jaspreet Kaur
October 14, 2019
CarDekho, the online platform has created an ecosystem to help its consumers to buy and sell cars ef ...More
By Jaspreet Kaur
October 11, 2019
By Jaspreet Kaur
October 10, 2019
The company targets on middle, as well as low income demographic, relating to Tier-II and Tier-III c ...More
By Jaspreet Kaur
October 10, 2019
Mental health startup firm, NeuroLeap has obtained funding from Sminu Jindal, Managing Director of J ...More
By Jaspreet Kaur