Spinny

Founded in 2015 by Niraj Singh and Mohit Gupta

A car is a special purchase and Spinny's endeavour is to make it extra special for each of their customers.

2015

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.
2016

Spinny acquires Hopcar
Spinny acquires Gurgaon based used car marketplace Hopcar, fortifying its position in NCR.
2017

Seed Round
Spinny raises $1M in seed led by Blume Ventures and others.
2018

Series A
Spinny raises $15M in Series A from Accel and SAIF Partners.
2019

Sales Record for Spinny
A new milestone unlocked. Spinny sells more than 5000 cars in a single year.
2020

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.
2020

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.
2020

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.
2021

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.
2021

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.
2021

PV Sindhu as brand ambassador
Spinny unveils PV Sindhu as the brand ambassador of their company.
2021

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.
2021

Sachin Tendulkar as brand ambassador
Sachin tendulkar joins Spinny as strategic brand ambassador and lead brand endorser.
2021

Spinny’s first ESOP buyback
Spinny completes its first ESOP buyback of $12M.
2022

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.
2022

Khushiyon ki long drive
Spinny launches Khushiyon ki long drive campaign with PV Sindhu and Sachin Tendulkar.
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2022

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.
2022

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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