Liquidity Events
Spinny acquires AI-powered car connectivity solutions startup Scouto
Pre-owned car retailing platform Spinny has acquired 100% stake in Ahmedabad-based startup Scouto. As part of the acquisition, Scouto's founders will become a part of Spinny and help build and drive its connected car offerings forward. Scouto has built an end-to-end connected car technology suite that provides detailed intelligence on a car's health and performance, connects the vehicle owner to automotive service providers and improves the overall car ownership experience. The platform caters to the various start-ups in the automotive aftermarket and used car space in India, clocking a revenue of around INR 5 crore in the ongoing fiscal Scouto was backed by DevX Venture Fund, iCreate & Bhuva Family Office before being acquired by Spinny.
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