Spinny
Founded Year
2015Stage
Series E - II | AliveTotal Raised
$515.9MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-6 points in the past 30 days
About Spinny
Spinny is a full-stack used car trading platform that specializes in offering high-quality, thoroughly inspected second-hand cars. The company provides a transparent and seamless car buying and selling experience, featuring a rigorous 200-point quality check and a 5-day money-back guarantee for all vehicles. Spinny also offers additional services such as car financing, a one-year comprehensive warranty, and buyback options to enhance customer satisfaction. It was founded in 2015 and is based in Gurugram, India.
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Expert Collections containing Spinny
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Spinny is included in 4 Expert Collections, including E-Commerce.
E-Commerce
11,046 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,249 items
Auto Commerce
700 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Spinny News
Nov 1, 2024
Mumbai, 1st November 2024: In the spirit of Dhanteras, a festival synonymous with prosperity and new beginnings, Spinny, India’s leading used car platform, has recorded a 40% year-on-year delivery growth this October. Key cities like Bangalore, NCR, Hyderabad, and Pune experienced significant demand surges, with customer preferences shifting towards automatic cars, SUVs, and financing options, reflecting the festive buying sentiment. Amid the festivities, the platform saw significant growth, delivering over 500 cars a day during Navratri, Dhanteras, weekends, and Festival of Spinny special price days, thereby highlighting the strong festive momentum. Automatic vehicle deliveries grew by 57%, mirroring the trend of convenience-first choices. Platform’s exchange program also saw a 39% increase as more buyers traded in old vehicles for newer models, reinforcing the tradition of upgrading assets during Dhanteras. Petrol vehicles remain the top choice, with a 50% rise in demand, while SUVs and sedans saw impressive growth of 49% and 46%, respectively. Additionally, women buyers now constitute >20% of the total customer base in October, marking a substantial increase over the previous year. Mr. Niraj Singh, CEO and Founder, expressed, “As Dhanteras marks a time of renewal, I am delighted to see more customers beginning their festive journeys with the Spinny platform and showing tremendous trust in our brand. The surge in demand reflects the joy of new purchases with a focus on more informed and convenient buying experiences, aligning perfectly with our promise of trust and transparency.’’
Spinny Frequently Asked Questions (FAQ)
When was Spinny founded?
Spinny was founded in 2015.
Where is Spinny's headquarters?
Spinny's headquarters is located at Sector 48, Capital Business Park, Gurugram.
What is Spinny's latest funding round?
Spinny's latest funding round is Series E - II.
How much did Spinny raise?
Spinny raised a total of $515.9M.
Who are the investors of Spinny?
Investors of Spinny include Sachin Tendulkar, Avenir Growth Capital, Tiger Global Management, Think Investments, Arena Holdings Management and 18 more.
Who are Spinny's competitors?
Competitors of Spinny include Droom, PumPumPum, SheerDrive, Landmark Group, VavaCars and 7 more.
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Compare Spinny to Competitors
Cars24 is a leading AutoTech company focused on the sale, purchase, and financing of pre-owned cars. The company offers an online marketplace for buying and selling used cars, complemented by a suite of services including car financing, quality checks, warranties, and seamless documentation for transactions. Cars24 primarily serves the automotive industry with a customer base looking for pre-owned vehicle solutions. It was founded in 2015 and is based in Gurgaon, India.
CarDekho is a digital automotive solutions provider specializing in the sale and purchase of new and used cars. The company offers a platform for car buyers to search, compare, and make informed decisions on vehicle purchases, as well as facilitating finance and insurance services for used cars. CarDekho primarily serves individual car buyers and sellers, as well as partnering with automotive dealerships, financial institutions, and insurance companies. It was founded in 2008 and is based in Gurugram, India.
Mahindra First Choice Wheels operates in the automotive retail and technology sectors, focusing on the used auto platform. The company offers a range of pre-owned vehicles, including cars and bikes, and provides services such as vehicle procurement, warranty products, and roadside assistance. Mahindra First Choice Wheels serves the automotive retail market, focusing on used car sales and enterprise solutions for financial institutions. It was founded in 2008 and is based in Mumbai, India.
Carsome provides an e-commerce platform, specializing in the online buying and selling of used cars. The company offers a comprehensive service that includes car inspection, valuation, an online bidding portal for dealers, and logistics support, ensuring a seamless selling experience for customers. It was founded in 2015 and is based in Petaling Jaya, Malaysia.
Droom specializes in facilitating the buying, selling, and trading of new and used vehicles. Droom offers a suite of services including vehicle inspection, certification, loans, insurance, and other automobile-related services. The company primarily serves the automotive e-commerce industry. It was founded in 2014 and is based in Gurugram, India.
SheerDrive offers a digital used-car platform to optimize the consumer buying experience. It offers a B2B multibrand exchange platform, remarketing solutions, vehicle scan, pricing algorithm, vehicle part review and grading dashboard, and more. The company was founded in 2019 and is based in Mumbai, India.
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