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Spinny, the Gurugram headquartered used car retail platform startup, has raised $108 Mn in Series D round of funding led Tiger Global. The round also saw participation from Avenir Growth, existing investor General Catalyst, and others.
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Following this funding round, Spinny has raised $230 Mn cumulatively. It had raised $65 Mn in April this year, which was led by General Catalyst. The statement added that Spinny will deploy this capital for strengthening its technology and product capabilities, market penetration and hiring of talent. The company also aims to increase its geographic footprint in the country.