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SPINNY INVESTORS
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
- 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
- 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 5.31 Mar, 2025, 07.40 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 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 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 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 raises Rs 315 crore from Fundamentum Partnership, othersThe round values the company at nearly $140-150 million, people familiar with the matter said.03 Mar, 2020, 07.42 AM 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
- 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 ...22 May, 2019, 10.30 AM IST
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