Spinny
Founded Year
2015Stage
Series E - II | AliveTotal Raised
$515.9MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-25 points in the past 30 days
About Spinny
Spinny is a full-stack used car trading platform that specializes in offering thoroughly inspected second-hand cars. The company provides a transparent and seamless car buying and selling experience, featuring a rigorous 200-point quality check and a 5-day money-back guarantee for all vehicles. Spinny also offers additional services such as car financing, a one-year comprehensive warranty, and buyback options to enhance customer satisfaction. It was founded in 2015 and is based in Gurugram, India.
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Expert Collections containing Spinny
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Spinny is included in 4 Expert Collections, including E-Commerce.
E-Commerce
11,142 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,258 items
Auto Commerce
700 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Spinny News
Jan 24, 2025
Photo: Spinny website 24 January, 2025 Pre-owned car platform Spinny is looking to raise over r$100 million in a new funding round, while Tata Electronics has bought a 60% stake in Apple’s contract manufacturer Pegatron. Spinny in discussions to raise over $100 million Gurugram-based used car retailing platform Spinny is in talks to raise more than $100 million in a new round from existing investors including Accel, General Catalyst, Elevation Capital, and Abu Dhabi Growth Fund, among others, as per a report by Entrackr. The Tiger Global-backed startup had earlier closed a $283 million Series E funding round in December 2021, led by Abu Dhabi-based ADQ, Tiger Global and Avenir Growth. The used car platform has raised $500 million so far. Tiger Global and Accel are its largest stakeholders. Tata buys 60% stake in Apple partner Pegatron’s India unit Tata Electronics has acquired a 60% controlling stake in the India unit of Apple’s iPhone assembly partner Pegatron, eyeing to boost its iPhone manufacturing capacity in the country. The deal comes just after a year when Tata also bought the India business arm of Wistron, another contract manufacturer of iPhones, making Tata one of Apple’s most important partners in Asia at a time when the tech heavyweight is pushing to expand its manufacturing capacities outside China.
Spinny Frequently Asked Questions (FAQ)
When was Spinny founded?
Spinny was founded in 2015.
Where is Spinny's headquarters?
Spinny's headquarters is located at Sector 48, Capital Business Park, Gurugram.
What is Spinny's latest funding round?
Spinny's latest funding round is Series E - II.
How much did Spinny raise?
Spinny raised a total of $515.9M.
Who are the investors of Spinny?
Investors of Spinny include Sachin Tendulkar, Avenir, Arena Holdings Management, Tiger Global Management, Think Investments and 18 more.
Who are Spinny's competitors?
Competitors of Spinny include Droom, PumPumPum, SheerDrive, Landmark Group, VavaCars and 7 more.
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Compare Spinny to Competitors
Cars24 is an auto tech company that focuses on the sale, purchase, and financing of pre-owned cars. The company offers an online marketplace for buying and selling used cars, complemented by a suite of services including car financing, quality checks, warranties, and seamless documentation for transactions. Cars24 primarily serves the automotive industry with a customer base looking for pre-owned vehicle solutions. It was founded in 2015 and is based in Gurgaon, India.
CarDekho provides digital automotive solutions that specialize in the sale and purchase of new and used cars. The company offers a platform for car buyers to search, compare, and make informed decisions on vehicle purchases, as well as facilitating finance and insurance services for used cars. It primarily serves individual car buyers and sellers, as well as partnering with automotive dealerships, financial institutions, and insurance companies. It was founded in 2008 and is based in Jaipur, India.
Carsome provides an e-commerce platform and specializes in the online buying and selling of used cars. The company offers a comprehensive service that includes car inspection, valuation, an online bidding portal for dealers, and logistics support, ensuring a seamless selling experience for customers. It was founded in 2015 and is based in Petaling Jaya, Malaysia.
Mahindra First Choice Wheels operates in the automotive retail and technology sectors, focusing on the used auto platform. The company offers a range of pre-owned vehicles, including cars and bikes, and provides services such as vehicle procurement, warranty products, and roadside assistance. Mahindra First Choice Wheels serves the automotive retail market, focusing on used car sales and enterprise solutions for financial institutions. It was founded in 2008 and is based in Mumbai, India.
Droom specializes in facilitating the buying, selling, and trading of new and used vehicles. Droom offers a suite of services, including vehicle inspection, certification, loans, insurance, and other automobile-related services. The company primarily serves the automotive e-commerce industry. It was founded in 2014 and is based in Gurugram, India.
SheerDrive offers a digital used-car platform to optimize the consumer buying experience. It offers a B2B multibrand exchange platform, remarketing solutions, vehicle scan, pricing algorithm, vehicle part review and grading dashboard, and more. The company was founded in 2019 and is based in Mumbai, India.
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