Spinny raised $43.7M to expand its online platform for selling used cars

Spinny rasied $43.7 million from The Fundamentum Partnership, General Catalyst Partners, KB Financial Group, Accel, SAIF Partners & Alteria Capital

Spinny runs a platform to facilitate sale and purchase of used cars. "Spinny brings the trust factor that people are looking for when they are purchasing a car" - Niraj Singh, co-founder said

Spinny operates in four cities in India today and has sold nearly 10,000 cars. Until 2017, the startup acted as a marketplace for sale and purchase of cars, essentially serving as a listing platform. “Then, we pivoted as we wanted to control the full supply chain,” he said.