”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.