Used car marketplace Spinny raises $131-M led by Accel

Gurugram-headquartered used-car marketplace Spinny is to raise USD 131 million in a funding round led by Accel Leaders Fund (a fund managed by Accel USA). Existing investors, including Elevation Capital, Think Investments, Tiger Global, and Fundamentum Partnership, also participated in the funding round. Another new investor in the round is New York-based Avenir Growth.Founded in 2015, Spinny previously raised USD 108 million in its Series D funding round in 2021 from new and existing investors, led by Tiger Global.Spinny currently operates in 22 tier 1 and tier 2 cities across India.