Spinny
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Spinny - overview
Established
2015
Location
Gurugram, Haryana, India
Primary Industry
Internet
About
Based in Gurugram, India, and founded in 2015, Valuedrive Technologies Private Limited, trading under the name Spinny an online platform that enables users to buy and sell second-hand cars. The company was co-founded by Mohit Gupta, Niraj Singh, and Ramanshu Mahaur and is backed by investors including Tiger Global, General Catalyst, Accel, Blume Ventures, and The Funamentum Partnership. In February 2026, Spinny raised USD 170 million in series G funding co-led by new investor Fidelity Investments and returning investor Accel. Spinny is an online platform for buying and selling cars, it lets users choose from over 2000 fully inspected second-hand car models with a 1-year free service warranty.
The company also operates car hubs and showrooms where customers can test drive cars. The company generates revenue through car sales. The company determines the prices of the cars by using market data to arrive at a fair and fixed valuation. It utilizes market trends for specific models and makes rather than the base price in the used car market and conducts the company's detailed 200-point inspection process on every car.
The company plans to utilize the June 2025 funding towards enhancing customer satisfaction, strengthening technological capabilities and product offerings, and expanding its operations across the country.
Current Investors
Indian Angel Network, Blume Ventures, Accel
Primary Industry
Internet
Sub Industries
Automobile Dealerships, Automobiles, Other Vehicles & Parts, Web Applications
Website
www.spinny.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.