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SPINNY CAR SALES
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 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...28 Sep, 2025, 01.30 PM IST
- IPO pipeline worth $1 billion builds for India used-car startupsIndian online used car vendors like CARS24, CarDekho, and Spinny are streamlining operations and divesting from secondary ventures to prepa...18 Sep, 2025, 07.34 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 trims losses; crypto exchanges’ FEMA worriesUsed car sales startup Spinny cut down its losses sharply in FY24 while recording a revenue rise of 14 %. This and more in today’s ETtech T...04 Nov, 2024, 07.49 PM IST
- 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 ...08 Nov, 2023, 05.31 PM IST
- 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...03 Aug, 2023, 06.18 PM IST
- Used car startups take a U-turn as sales remain sluggishWith profitability still a far cry for venture-backed companies like Spinny, Cars24 and CarDekho, these platforms are either putting the br...30 May, 2023, 02.08 PM 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 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 ...24 Nov, 2021, 06.13 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
- India’s used car market to see significant, tech-driven growth: ReportThe car services and repairs market is likely to grow at a compounded annual growth rate of 12% to reach $25 billion by 2030, as compared t...16 Aug, 2021, 01.08 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
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