Spinny raises $65 mn in Series C funding led by General Catalyst to expand to new markets
05/21/24, 11:09 AM
Location
mumbaiMoney raised
$65 million
Round Type
series c
Investors
Others, Fundamentum Partnership, Elevation Capital, Think Investments, Arena Holdings, General Catalyst
Spinny, a full stack used car retailing platform in India, has announced the closure of a $65 Mn Series C funding round from new and existing investors. The new capital will be used for improving customer experience, expanding into new markets, strengthening technology and product capabilities, launching new business categories, and building teams across functions.
Company Info
Location
mumbai, maharashtra, india
Additional Info
”Singh said the company will also use the capital to step up customer experience, strengthen technology and product capabilities, and build teams across functions. “Given the heightened investor interest, we might look at raising capital from long-term partners in the immediate future,” he said. Spinny, at present, has 15 car hubs operating across eight cities — Delhi NCR, Bengaluru, Mumbai, Pune, Hyderabad, Chennai, Kolkata and Ahmedabad.