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SPINNY USED CARS
Spinny delivers 1,370 used cars on Navratri day 1, sets new record: Founder and CEO Niraj SinghSpinny said it recorded its highest-ever single-day car deliveries on the first day of Navratri. The company delivered 1,370 vehicles, refl...- Irish company tax ruling offers capital gains relief hope to foreign investorsIn a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect t...
- Banks rethink UPI play; Big Tech's AI pivot dents Indian ITHappy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatc...
- Spinny books IPO ride; UPI subsidies may endSpinny has confidentially filed for its initial public offering. This and more in today’s ETtech Top 5.
- Tiger Global-backed used-car sales platform Spinny files confidentially for Rs 3,000-crore IPOThe company, which competes with the likes of SoftBank-backed Cars24, is in expansion mode and may utilise the fresh capital from its publi...
- From Mamaearth to Phool: Shilpa Shetty, MS Dhoni, Sachin Tendulkar, Alia Bhatt among celebrity investors to back startupsCelebrity investments: Bollywood stars and cricket legends are increasingly backing Indian startups. A Tracxn report identifies 10 celebrit...
- CarTrade Tech partners Spinny to expand used-car marketplace across CarWale, OLX IndiaCarTrade Tech and Spinny have formed a strategic partnership. This collaboration aims to improve the used car buying and selling experience...
- Used-car seller Cars24 acquires auto forum Team-BHPCars24, a platform for buying and selling new and used cars, has acquired Team-BHP, a popular automotive forum. While the financial details...
- 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...
- Spinny's losses swell to Rs 820 crore in FY23, revenue surges 30XTiger Global-backed Spinny's gross revenue surged 30 times to Rs 3,262 crore in FY23 from Rs 109 crore in FY22, according to its financial ...
- Used car startup Spinny lays off around 300 employeesThe layoffs are part of a restructuring exercise that will also see its budget and luxury car offerings — Truebil and Spinny Max — being me...
- 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 ...
- Used car sellers are on a hiring spree as demand shoots through the roofUsed car retailer Spinny said that it wants to add at least 5,000 new roles through 2022 as it more than doubles its team of about 4,000 at...
- 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 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...
- 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 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...
- 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.
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