Spinny joined the Unicorn Club on Nov 24, 2021 after raising a $283 million Series E funding round, reaching a $1.73 billion valuation. Headquartered in Gurugram, Haryana, India, Spinny provides a platform for buying and selling inspected, certified pre-owned vehicles, offering service, finance options, and a money-back guarantee.
The platform enables customers to explore various makes and models, schedule test drives, and access inspection reports, combining technology with trust and transparency in the used car market.
Keep reading to learn how Spinny became a leading unicorn in auto e-commerce and retail.
What Is Spinny and What Does It Do?
Founded in 2015, Spinny is a technology-driven auto marketplace for pre-owned vehicles. The platform offers certified inspections, financing options, and a money-back guarantee to ensure a secure buying and selling experience for customers.
Spinny integrates vehicle inspection technology, online listings, and customer support to streamline transactions. The company operates across India, providing a reliable alternative to traditional used car markets while improving transparency and trust in the sector.
How Much Funding Has Spinny Raised?
1. Seed Round
- Amount Raised: $1 million
- Date: June 2017
- Lead Investors: Blume Ventures, Simile Ventures
- Purpose: Initial product development and early operations
2. Series A Round
- Amount Raised: $13 million
- Date: March 2019
- Lead Investors: Accel Partners, Elevation Capital
- Purpose: Expand platform, hire talent, and grow market reach
3. Series B Round
- Amount Raised: $44 million
- Date: March 2020
- Lead Investors: The Fundamentum Partnership, KB Financial Group
- Purpose: Expand used car network and strengthen core offerings
4. Series C Round
- Amount Raised: $65 million
- Date: February 2021
- Lead Investors: General Catalyst, Arena Holdings, Think Investments
- Purpose: Product scaling and expansion into additional cities
5. Series D Round
- Amount Raised: $108 million
- Date: July 19, 2021
- Lead Investors: Tiger Global Management, Avenir Growth, General Catalyst
- Purpose: Scale operations, expand hubs, and enhance technology
6. Series E Round
- Amount Raised: $283 million
- Date: November 24, 2021
- Valuation: $1.73 billion
- Lead Investors: Tiger Global Management, Avenir Growth Capital, ADG, and others
- Purpose: Accelerate growth, broaden service offerings, and support national expansion
7. Series F Round
- Amount Raised: $40 million
- Date: June 13, 2025
- Lead Investors: WestBridge Capital and other existing investors
- Purpose: Continued scaling of marketplace and service capabilities
Total Funding Raised: $554 million Latest Funding Date: June 13, 2025 Latest Known Valuation: ₹9,700 crore Employee Count: 5,736 as of May 31, 2025
Key Investors
- Tiger Global Management
- Details: Global investment firm backing high growth technology companies
- Focus Areas: E-commerce, fintech, and technology platforms
- Avenir Growth Capital
- Details: Growth stage investment firm supporting innovative companies
- Focus Areas: Technology, marketplace platforms, and scalable consumer services
- ADG
- Details: Investment fund focused on emerging technology businesses
- Focus Areas: Market expansion, strategic scaling, and operational growth
- WestBridge Capital
- Details: Venture capital firm investing in high-growth Indian companies
- Focus Areas: Private equity, growth stage funding, and marketplace platforms
Where Is Spinny’s Headquarters?
Spinny is headquartered in Gurugram, Haryana, India, serving as its central hub for product development, operations, and technology teams.
What’s Next for Spinny?
Spinny plans to expand its pre-owned vehicle marketplace, enhance inspection and financing services, and increase adoption across India. The company is investing in technology to improve customer experience, expand to more cities, and strengthen logistics and service operations.
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