Cars24 operating loss narrowed in FY26, revenue grew 27%: CEO Vikram ChopraUsed-car platform Cars24 reported a 27% revenue jump to Rs 1,411 crore in FY26, significantly cutting losses by 36%. The company achieved E...
07 May, 2026, 12.24 PM IST
Cars24 cofounder Mehul Agrawal steps down from operating roleMehul Agrawal, cofounder of used car marketplace Cars24, is stepping down from his operational role after over a decade. He will remain on ...
30 Apr, 2026, 10.17 PM IST
Fidelity, Accel lead $160–170 million investment round in SpinnySpinny has secured 160–170 million in a funding round led by US-based investors Fidelity and Accel Leaders Fund. The deal includes 90 milli...
14 Feb, 2026, 07.43 AM IST
Spinny closes $131 million funding round from existing investors led by Accel Leaders FundSpinny had last raised $283 million in December 2021 led by Abu Dhabi-based ADQ, Tiger Global and Avenir Growth – in a round that catapulte...
31 Mar, 2025, 08.09 PM IST
Spinny cuts FY24 losses; revenue's up 14% on-yearThe Tiger Global-backed company reported a 14% year-on-year increase in operating revenue to Rs 3,725 crore for FY24, according to its fina...
04 Nov, 2024, 08.03 PM IST
Spinny announces launch of stock option plan for all employees“Since the inception, we have focussed on nurturing a healthy working environment and a robust value system where we work to build a truste...
04 Oct, 2022, 10.40 AM IST
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 ...
10 Feb, 2022, 09.27 PM IST
Spinny completes ESOP buyback worth $12 millionThis is the first ESOP buyback that Spinny, which recently onboarded former cricketer Sachin Tendulkar as a strategic investor, has facilit...
21 Dec, 2021, 02.01 PM IST
Sachin Tendulkar joins Spinny as strategic investor, lead brand endorser"Having him onboard with Spinny is absolutely heart-warming, and we are proud to welcome our newest captain of squad Spinny, Sachin Ramesh ...
14 Dec, 2021, 11.26 AM IST
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...
07 Dec, 2021, 07.26 PM IST
Spinny onboards PV Sindhu as brand ambassadorSpinny’s intent is to create something that inspires young India to achieve more and more. With this association, Sindhu will now sport the...
26 Oct, 2021, 04.59 PM IST
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 ...
19 Jul, 2021, 07.46 PM IST
Spinny gets $65 million funding at a valuation of $350 millionSpinny, with its 900 employees, currently operates in nine cities and plans to expand to six more in 2021. It sells used cars in the Rs 4-8...
15 Apr, 2021, 06.22 PM IST
Spinny reports 20% rise in sales to 1,000 units in festive seasonPeople have increasingly started to prefer personal mobility solutions and the used-car market has proven to be a viable option amid the pa...
27 Nov, 2020, 06.58 PM IST
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...
26 May, 2020, 05.32 PM IST
Spinny raises $43.7 mn funding led by Fundamentum PartnershipSpinny had raised its seed round from Blume Ventures and Simile Ventures, and most recently it had closed its Series A round of $13.2 milli...
02 Mar, 2020, 02.54 PM IST
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.
06 Jun, 2017, 09.49 AM IST