Pranav Kiran · · 1 min readIndian used cars platform Spinny raises $13.2m in series A
Gurugram-based Spinny, an online used cars platform, said it has raised US$13.2 million in a series A funding round to cover more locations and improve inventory.
US-based Accel and venture capital firm SAIF Partners led the investment, along with existing investors Blume Ventures and Simile Ventures.
Photo credit: Spinny
Other investors in the round included Raghunandan G, a cofounder of shuttered ride-hailing startup TaxiForSure, Haresh Chawla, a partner at private equity firm True North, and venture debt fund Alteria Capital.
Founded in 2015, Spinny operates in Delhi, Gurugram, and Noida, and expects to open at least 5 more locations by the end of the year.
Mukul Arora, managing director of SAIF Partners, and Anand Daniel, a partner at Accel, will join the company’s board, according to a media statement.
Editing by Dante Gagelonia
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