Spinny
Founded Year
2015Stage
Series F - II | AliveTotal Raised
$652.9MValuation
$0000Last Raised
$30M | 5 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+103 points in the past 30 days
About Spinny
Spinny is a platform that focuses on the buying and selling of used cars within the automotive industry. The company provides a selection of pre-owned vehicles that have undergone inspections, along with a return policy and a service warranty. Spinny serves individual consumers looking for second-hand cars and those wanting to sell their vehicles. It was founded in 2015 and is based in Gurugram, India.
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Expert Collections containing Spinny
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Spinny is included in 4 Expert Collections, including E-Commerce.
E-Commerce
11,424 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,309 items
Auto Commerce
700 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Spinny News
Nov 12, 2025
In an exchange filing released on Tuesday, the company said it is in discussions for a potential consolidation with Girnar Software's new and used automotive classified businesses (CarDekho and BikeDekho) in India. No binding agreement or definitive deal has been reached yet. “These discussions are limited to the automotive classifieds businesses and do not include financing, insurance, or other non-automotive businesses of theirs,” the company said. If the talks culminate in a deal, it will mark the coming together of two of the most prominent names in the business. CarDekho, backed by Peak XV, Hillhouse and Google Capital, attained unicorn status in 2021 after a $250 million funding round valued it at Rs 10,643 crore ($1.2 billion). CarTrade currently has a market capitalisation of Rs 14,102 crore (around $1.57 billion), according to stock exchange data. Any consolidation between the two companies would intensify competition in the market, which also includes SoftBank-backed Cars24 and Tiger Global-backed Spinny. In March, ET had reported that used-car sales platform Spinny had closed a Rs 1,120 crore ($131 million) funding round led by US-based Accel Leaders Fund at a flat valuation of around $1.7-1.8 billion. Jaipur-based CarDekho Group was founded in 2007 by Amit Jain and Anurag Jain. The company's business spans vehicle classifieds, insurtech, and fintech. Apart from CarDekho and BikeDekho, its subsidiaries include InsuranceDekho and Rupyy. CarTrade Tech posted robust financials for the second quarter. The company's Q2 profit more than doubled year on year, driven by strong revenue growth and stronger margins. The company's consolidated net profit jumped 2.9 times YoY to Rs 64.1 crore in the July–September quarter from Rs 30.7 crore a year earlier. Meanwhile, revenue from operations for the period surged by a quarter to Rs 193.4 crore from Rs 154.2 crore a year earlier. OLX India, acquired by CarTrade in 2023, also delivered steady gains, with revenue growing 17% year on year, while profit after tax surged three times. OLX “continues its quarter-on-quarter growth trajectory, achieving a 30% Ebitda margin in Q2 FY26”, CarTrade said. CarTrade shares closed 0.68% higher at Rs 3,002 per share on the NSE, compared with a 0.47% rise in the Nifty 50.
Spinny Frequently Asked Questions (FAQ)
When was Spinny founded?
Spinny was founded in 2015.
Where is Spinny's headquarters?
Spinny's headquarters is located at Sector 48, Gurugram.
What is Spinny's latest funding round?
Spinny's latest funding round is Series F - II.
How much did Spinny raise?
Spinny raised a total of $652.9M.
Who are the investors of Spinny?
Investors of Spinny include WestBridge Capital, Elevation Capital, General Catalyst, Accel, Fundamentum and 21 more.
Who are Spinny's competitors?
Competitors of Spinny include Spotawheel, Kavak, Droom, SheerDrive, Landmark Group and 7 more.
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Compare Spinny to Competitors
Cars24 focuses on the buying and selling of used cars and provides related automotive services. The company has an online platform for purchasing and selling pre-owned vehicles, and offers services such as used car valuation and car loans. Cars24 also provides car servicing, repair, scrapping, and vehicle challan management. It was founded in 2015 and is based in Gurgaon, India.
CarDekho provides digital automotive solutions that specialize in the sale and purchase of new and used cars. It offers a platform for car buyers to search, compare, and make informed decisions on vehicle purchases, as well as facilitating finance and insurance services for used cars. It primarily serves individual car buyers and sellers, as well as partnering with automotive dealerships, financial institutions, and insurance companies. It was founded in 2008 and is based in Jaipur, India.
Carsome provides an e-commerce platform and specializes in the online buying and selling of used cars. The company offers a comprehensive service that includes car inspection, valuation, an online bidding portal for dealers, and logistics support, ensuring a seamless selling experience for customers. It was founded in 2015 and is based in Petaling Jaya, Malaysia.
VavaCars operates within the automotive sales industry, facilitating the buying and selling of used cars. The company allows customers to browse, purchase, and sell vehicles online. It was founded in 2019 and is based in Istanbul, Turkey.
Mahindra First Choice Wheels operates in the automotive retail and technology sectors. It focuses on the used auto platform. The company offers a range of pre-owned vehicles, including cars and bikes, and provides services such as vehicle procurement, warranty products, and roadside assistance. Mahindra First Choice Wheels serves the automotive retail market, focusing on used car sales and enterprise solutions for financial institutions. It was founded in 2008 and is based in Mumbai, India.
VOOM is a tech-enabled platform operating in the used car market. The company provides a comprehensive service for buying and selling used cars, offering features such as online registration, car inspection, offer reception, deal finalization, and payment receipt for sellers, as well as car browsing, condition checking, test driving, and easy payment for buyers. It primarily serves the e-commerce industry. It was founded in 2022 and is based in Cairo, Egypt.
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