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Spinny raises $65 mn in Series C funding led by General Catalyst to expand to new markets

May 21, 2024•over 1 year ago

Amount Raised

$65 Million

Round Type

series c

Mumbai

Investors

OthersFundamentum PartnershipElevation CapitalThink InvestmentsArena HoldingsGeneral Catalyst

Description

Spinny, a full stack used car retailing platform in India, has announced the closure of a $65 Mn Series C funding round from new and existing investors. The new capital will be used for improving customer experience, expanding into new markets, strengthening technology and product capabilities, launching new business categories, and building teams across functions.

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.

Company News

(10 articles)
Fri, 13 Jun 2025 07:00:00 GMT

Spinny gets WestBridge backing, expands round to $170 million - The Arc - Technology, Startups, Entrepreneurship News & Analysis

Thu, 24 Jul 2025 07:00:00 GMT

News On Click - Global Prime News

Fri, 29 Aug 2025 07:00:00 GMT

Elevation Capital launches $400 million late-stage India-centric growth fund; makes first investment in Spi... - Forbes India

Tue, 08 Apr 2025 07:00:00 GMT

Digital shift, women steer used-car market growth, says Spinny report - Business Standard

Sun, 23 Feb 2025 08:00:00 GMT

9 Best Platforms In India To Sell Your Old Car At Best Price | So Delhi - So City

Tue, 24 Jun 2025 07:00:00 GMT

Spinny launches industry first 3 year warranty for used cars - Autocar India

Tue, 28 Nov 2023 08:00:00 GMT

Spinny shares used car trends in Q3 2023, with Spinny Parks serving more than 50% of deliveries - PR Newswire

Wed, 08 Nov 2023 08:00:00 GMT

Meet Spinny | Wuk-Up Artist, Entertainer & Fitness Instructor - shoutout miami

Sat, 31 Aug 2024 14:17:57 GMT

Brian "Spinny" K. Spindler Obituary September 22, 2021 - Schumacher-Kish Funeral and Cremation Services

Mon, 10 Jan 2022 08:00:00 GMT

Review: I bought a used car from Spinny - Team-BHP

FundzWatch™ Score

78
Medium Activity

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech