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SPINNY FUNDING
Nandan Nilekani's Fundamentum bets big on AI, deeptech with Rs 3,000 crore purseFundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm ...- FirstCry, Slice’s FY26 numbers; Nilekani’s Fundamentum eyes deeptech pushFirstCry parent cut its losses in the March quarter on tightened costs. This and more in today's ETtech Top 5.
- 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...
- Spinny trims losses in FY25 as revenue grows 25% to Rs 4,657 croreThe Gurugram-based Used-car sales platform’s net loss for FY25 came in at Rs 424 crore, down 28% from FY24, making it the second consecutiv...
- ETtech Deals Digest: Startups raise $309.7 million this week; up 3.3x on-yearStartups across seed, early, and late stages raised the funds through 25 deals, compared to 75 in the year-ago period.
- India’s shifting rides; Spinny tanks upHappy Tuesday! India’s ride-hailing sector is experiencing significant disruption, with newer challengers entering the fray. This and more ...
- 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...
- Crypto traders on taxmen radar; Spinny fuels upIndian tax authorities are scrutinising Binance traders over compliance concerns. This and more in today’s ETtech Top 5.
- 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 ...
- 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...
- 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 ...
- Indian VCs bet big on Web3; crypto crimes to be non-bailable, says reportDespite the uncertainty around crypto – and thus blockchain technology – in India, Web3 firms are attracting attention – and big cheques – ...
- 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...
- Spinny turns unicorn after raising $285 million from ADQ, Tiger Global and othersThe company’s valuation of $1.5 billion pre-money has nearly doubled since it raised $108 million from Tiger Global and others in July. It ...
- 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 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...
- Spinny raises Rs 315 crore from Fundamentum Partnership, othersThe round values the company at nearly $140-150 million, people familiar with the matter said.
- 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...
- 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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