Mumbai: Spinny, an online platform for selling used cars, has raised $108 million (around Rs 807 crore) in a funding round led by Tiger Global and New York-based Avenir Growth, along with participation of existing investor 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 Raises $108 Million In Funding Led By Tiger Global, Avenir Growth

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Spinny Raises $108 Million In Funding Led By Tiger Global, Avenir Growth

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