Private Equity

PE-VC Fund Investments

Used car marketplace Spinny raises $170-M; Blume, Fundamentum sell stake

Inc42  

Gurugram-based used car marketplace Spinny has raised USD 170 million in a funding round led by Fidelity Investments and Accel Leaders Fund. The round included USD 90 million in primary capital and USD 80 million in secondary transactions which saw early investors Blume Ventures and Fundamentum offloaded parts of their stakes to Fidelity and existing investor WestBridge Capital. The recent funding values Spinny at about USD 1.5 Billion, down from its USD 1.7 Billion valuation following a USD 131 million funding round in 2025.In FY25, Spinny reported a 25% increase in revenue to INR 4,657 crore, with losses narrowing to INR 424 crore.

Between Dec 2015 and May 2025, Spinny had attracted about USD 616 M from Think Investments, WestBridge, Accel USA, Avenir Growth, Elevation Capital, Fundamentum, Tiger Global and others.For FY25, Spinny had reported about INR 4,657 Cr in Operating Income and about INR 424 Cr in Net Loss.