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Spinny

Founded in 2015 by Niraj Singh and Mohit Gupta
Spinny truck
A car is a special purchase and Spinny's endeavour is to make it extra special for each of their customers.
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  1. Spinny Founded

    Mohit Gupta, Ramanshu Mahaur, Niraj Singh, and Ganesh Pawar launch Spinny in Delhi. Spinny was conceptualized as a used car platform with transparency, honesty and customer-centricity at the core of its service.

  2. Spinny acquires Hopcar

    Spinny acquires Gurgaon based used car marketplace Hopcar, fortifying its position in NCR.

  3. Seed Round

    Spinny raises $1M in seed led by Blume Ventures and others.
    Screenshot 2022 11 15 at 1 44 46 PM

  4. Series A

    Spinny raises $15M in Series A from Accel and SAIF Partners.

  5. Sales Record for Spinny

    A new milestone unlocked. Spinny sells more than 5000 cars in a single year.

  6. Series B

    Spinny raises $50M in its Series B round led by Fundamentum partners with existing investors also participating. General Catalyst Partners, Alteria Capital and KB Financial Group join as new investors.

  7. Spinny acquires Truebil

    Spinny acquires Truebil, an omnichannel marketplace for pre-owned cars. With this acquisition, Spinny becomes the only used car startup in India that follows a full-stack retail platform model.

  8. Transparency as a core value

    Being true to their mission of making the buying process more transparent, Spinny launches a detailed inside-out 360 degree view of cars.

  9. Series C

    Spinny raises $65M in its Series C led by General Catalyst with existing investors also participating and Arena Holdings and Think Capital joined as new investors.

  10. Series D

    Spinny raises $108M in its Series D round led by Tiger Global Management with existing investors also contributing and FJ Labs, Avenir Growth Capital and GC DF Ventures joining as the new investors.

  11. PV Sindhu as brand ambassador

    Spinny unveils PV Sindhu as the brand ambassador of their company.

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  12. Spinny enters the Unicorn Club

    Spinny turns unicorn! The company raises $285M in its Series E round from existing investors with Abu Dhabi Fund for Development, Somerville SPV joining as the new investors. Spinny is now valued at a whopping $1.8B.

  13. Sachin Tendulkar as brand ambassador

    Sachin tendulkar joins Spinny as strategic brand ambassador and lead brand endorser.

  14. Spinny's first ESOP buyback

    Spinny completes its first ESOP buyback of $12M.

  15. Spinny acquires Scouto

    Spinny acquires AI-powered car connectivity startup Scouto, an end-to-end car connectivity stack that provides detailed intelligence on an automobile’s health.

  16. Khushiyon ki long drive

    Spinny launches Khushiyon ki long drive campaign with PV Sindhu and Sachin Tendulkar.
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  17. Launch of Spinny Max

    Spinny launches Spinny Max for buying and selling used luxury cars, selling brands such as Audi, Mercedes- Benz, BMW, Jaguar and Land Rover will be available. Spinny Max experience centers also provide bespoke luxury buying experience through their concierges.

  18. A man's first car

    The Spinny squad reunites Sachin Tendulkar with his very first car, a humble Maruti 800 in blue. The team examined over 30 cars before finalising and restoring a 1989 model.
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Spinny

Spinny

Spinny Founders with Delivery Truck 800x450

Blume Partner

Co-investors

  • Accel
  • Indian Angel Network
  • Kunal Shah
  • SAIF Partners