Mumbai: Spinny, an online used car marketplace, has raised $108 million in a Series D funding round led by Tiger Global along with participation of New York-based Avenir Growth, and existing investors General Catalyst and others.

”The company will also use the capital for improving customer experience on the platform and building teams across functions. “Given the heightened investor interest, we might look at raising capital from long-term partners in the immediate future, taking the valuation beyond $1 billion,” Singh said. Spinny, at present, has 15 car hubs operating across eight cities — Delhi NCR, Bengaluru, Mumbai, Pune, Hyderabad, Chennai, Kolkata and Ahmedabad.

Spinny Gets $108 Million Funding From Tiger Global, Others

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Spinny Gets $108 Million Funding From Tiger Global, Others

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