Spinny Gets $65 Million Funding At A Valuation Of $350 Million
04/08/21, 6:56 AM
Location
mumbaiMoney raised
$65 million
Mumbai: Used cars platform Spinny has concluded its Series C funding round by raising $65 million from Silicon Valley-based venture capital firm General Catalyst and others at a post-money valuation of $350 million.
Company Info
Location
mumbai, maharashtra, india
Additional Info
”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.