Spinny

IPO pipeline worth $1 billion builds for India used-car startups

Three Unicorn startups — CARS24 Services Pvt., CarDekho and Spinny — that buy and sell pre-owned vehicles are in early talks with bankers to assess investor appetite

Spinny raises $40 million from WestBridge in extended funding round

WestBridge has joined Accel, Elevation, Tiger Global in Spinny’s extended round at flat $1.7 billion valuation. This marks the largest fundraise in India’s used-car startup space since 2021

Used car marketplace Cars24 acquires auto forum Team-BHP

Post-acquisition, the forum will continue to operate independently by its founding team, with the same zero-sponsored content policy, strict moderation, and community-first approach that has earned it unmatched credibility and respect, Cars24 said.

Used car marketplace Spinny raises $131 million in fresh funding led by Accel Leaders Fund

Existing investors such as Elevation Capital, Tiger Global, and Fundamentum Partnership also participated in the round.

Used car marketplace Spinny acquires Autocar-operator Haymarket’s automotive titles in India

As part of the cash-and-equity deal, the size and details of which were not disclosed, Hormazd Sorabjee will continue to oversee Haymarket’s flagship automotive titles, Autocar India, Autocar Professional, and What Car? India.

Used car marketplace Cars24 forays into new car market with new aggregator platform

‘New Cars’ has been rolled out as an online-only offering on the company’s website, where the platform will act as an aggregator for various auto OEMs to list their cars. This includes detailed video walkthroughs, on-road pricing details, test drive services, and financing options.

GST impact: India’s used car market braces for slowdown after decision to increase tax rate from 12% to 18%

The used car industry in India remains largely consumer-to-consumer and is unorganised to a great extent

PitchCraft Episode 2 | Spinny: Put the customer at the center of the deck

Join us in this episode of PitchCraft as we dissect Spinny's pitch deck, unraveling the art and strategy behind crafting a compelling presentation. Learn the essential elements and secrets to master the skill of creating an impactful pitch deck that captivates investors and stakeholders..

Tiger Global-backed Spinny fires 300 employees in business rejig

Spinny has about 6,000-6,200 employees and the sackings have hit around 5 percent of the workforce, as Truebil and Spinny Max prepare to merge and operate under the main brand