PE-VC Fund Investments
Used car marketplace Spinny raises $30-M from WestBridge; closes Series F with $170-M
Gurugram-based used car marketplace unicorn Spinny has raised USD 30 million (around INR 256 crore) from WestBridge Capital as a part of its Series F funding round. With this fundraise, the startup has closed its Series F at USD 170 million in a mix of primary, secondary deals. The primary proceeds will be deployed to expand its non-banking financial arm.Founded in 2015 by Neeraj Singh, Mohit Gupta and Ramanshu Mahaur, Spinny operates in 22 cities, including Delhi, Gurugram, Noida, Bengaluru, Mumbai, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad.
Between Dec 2015 and Mar 2025, Spinny had attracted about USD 568 M from PE-VC investors.For FY24, Spinny had reported about INR 3,725 Cr in Operating Income and about INR 588 Cr in Net Loss.
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