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SPINNY INVESTORS
Used 2-wheeler startup Speedioo raises Rs 10 crore from Atomic CapitalWith the fresh capital, the company is looking to expand into a business-to-consumer (B2C) model, invest in an AI-native tech stack, and in...
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.
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 ...
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...
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'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...
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...
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 ...
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...
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 ...