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SPINNY UNICORN
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...- 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...
- 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...
- Indian Angel Network's Alpha Fund announces first close at Rs 355 croreMarquee investors of the IAN Alpha Fund include Small Industries Development Bank of India (SIDBI), SRI Fund, and several existing investor...
- 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 ...
- Credit platform BlackSoil raises USD 25 mn"The rise of alternative credit has become a crucial factor in enabling growth for Indian startups, and BlackSoil intends to remain a prefe...
- Startups board express train chasing top talent in 2022Net headcount at startups rose more than 11% in the first two months of this year compared with a year earlier, show data from staffing fir...
- 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 ...
- Indian startups raised more than $7 billion in funding between Oct-Dec 2021: Nasscom-PGA reportThe number of deals closed in the fourth quarter increased around 52% at 184 compared to 121 in the previous quarter, the report showed.
- Indian unicorns set to continue their hiring spree in 2022Meesho, Acko, Razorpay, Zeta, Spinny, Apna, Vedantu and Cred are among those looking to scale up their teams by up to 100 per cent in the c...
- 90 founders among 500 US unicorns were India born: studyA recent report by venture capital fund Orios Venture Partners said Indian startups raised $42 billion in 2021, up from $11.5 billion in th...
- Indian startups raised $42 billion in 2021: reportIndia - with 90 unicorns - is the third-largest unicorn hub behind the US (487) and China (301), and ahead of the UK (39).
- Omicron unlikely to impact unicorns’ hiring spreeIndian unicorns – led by the newly-minted ones – are set to continue their hiring spree in 2022, with the third wave of Covid-19 unlikely t...
- 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 ...
- ETtech Deals Digest: Spinny, Pristyn Care enter unicorn clubIndia minted two unicorns this week as used car retailing platform Spinny and health technology startup Pristyn Care joined the coveted clu...
- 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...
- Cars24 may hit $3 billion valuation in new funding roundCars24 is considering a secondary share sale as part of the round, but it hasn’t been finalised yet.
- 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 ...
- No one is as bullish on startups as CRED founder Kunal ShahHurun India said Kunal Shah tops the list of entrepreneurs with the most number of investments in startups that may turn unicorn in the nex...
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