{Funding Alert} Yu, the Chef-Crafted Instant Food Brand, Raises INR 20 CR in Series A Follow-On Round

Feb 13, 2024•almost 2 years ago

Amount Raised

$65 Million

Round Type

series c

Mumbai

Investors

The Fundamentum PartnershipElevation CapitalThink InvestmentsArena HoldingsGeneral Catalyst

Description

Spinny, a full stack used car retailing platform in India, announced the closure of a $65 Mn Series C funding round led by General Catalyst, Arena Holdings, and Think Investments. The round also saw participation from existing investors Elevation Capital, the Fundamentum Partnership, and others, bringing the overall funds raised by Spinny till date to more than USD 120 Mn.

Company Information

Company

Spinny

Location

Mumbai, Maharashtra, India

About

”Singh said the company will also use the capital to step up customer experience, strengthen technology and product capabilities, and build teams across functions. “Given the heightened investor interest, we might look at raising capital from long-term partners in the immediate future,” he said. Spinny, at present, has 15 car hubs operating across eight cities — Delhi NCR, Bengaluru, Mumbai, Pune, Hyderabad, Chennai, Kolkata and Ahmedabad.

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