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SPINNY CAR HUB
Festive sales cool after early surge; Okta CEO on H-1B fee fracasHappy Monday! Following a strong start, online platforms are experiencing a slowdown in festive sales. This and more in today's ETtech Morn...- Zomato posts maiden quarterly profit; Data Bill introduced in Lok SabhaGurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of FY24, reversing losses of Rs 186 c...
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- Spinny acquires AI-powered car connectivity startup ScoutoAs part of the acquisition, Scouto’s founders will join Spinny’s team and help build and drive the used car retailing platform’s connected ...
- 90 founders among 500 US unicorns were India born: studyA recent report by venture capital fund Orios Venture Partners said Indian startups raised $42 billion in 2021, up from $11.5 billion in th...
- Crypto rules around the worldWhile India awaits its Cryptocurrency Bill, here’s a look at crypto regulations in five countries, two of which are crypto-friendly, two cr...
- Spinny joins unicorn club with $283 million funding led by ADQ, Tiger Global, Avenir GrowthExisting investors Feroz Dewan’s, Arena Holdings and Think Investments, too, participated in the round that valued Spinny at around $1.8 bi...
- Few startups corner bulk of funding; RBI rule disrupts auto payIndia's startup ecosystem is in the midst of an unprecedented funding boom, but the top two or three companies in each sector have cornered...
- India’s tech-driven auto evolutionIndia is expected to be the world’s third-largest automotive market in terms of volume by 2026. Homegrowth tech startups will have a huge r...
- Spinny gets $108 million funding from Tiger Global, othersThe fundraise, a mix of primary capital ($105 million) and secondary share sale ($3 million), values the Gurugram-based used cars reseller ...
- Spinny sells 300 used cars in lockdown, expects to return to pre-corona level volume by next monthIts online-to-offline (O2O) model allows customers to discover cars online on Spinny's website and make the final purchase offline at a Spi...
- SAIF, Accel Partners & others invest in used-car retailing platform SpinnyThe Series-A round also saw participation from venture debt firm Alteria Capital as well as Spinny’s existing investors Blume Ventures and ...
- Spinny gets $1 million to sell you a used carSpinny said it intends to use the funds primarily to strengthen its technology platform and for the expansion of its hubs.
- Spinny raises funds from Blume, AngelsThe used car market is estimated to be valued at about $15 billion and is growing at 20-22 per cent CAGR. More than 40 lakh cars are exchan...
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