About Spini
Spini is a Real Estate & Construction company based in Chennai (India) founded in 2014. Leads for sales professionals are connected through a mobile app. Spini has raised $749.51 thousand across 1 funding round from investors including Walden International. The company has 30 employees. Its Indian entity Spinircle India Private Limited reported revenue of ₹5.17 Cr. Its focus areas include Real Estate and Construction Tech, Real Estate IT and Agent Networks. Its competitors include BroEx, Oku Tech and PlaBro; 3 of its 3 listed competitors have raised funding.
Company details
Spini is a mobile app to find leads for sales professionals. It connects referrers and sales people. Users can post their leads on the platform with their required offers in different fields such as real estate, finance, interior designing and construction. Sales professionals can access these leads on the platform and can connect with the service seeker through the referrer by accepting their proposals. Users can earn money for their referrals and sales people get verified leads. Offers mobile app on Android and IOS platforms. Operates form 3 offices - Singapore, Chennai and Bangalore as of Jan16.
- Headquarters Chennai, India
- Employees 30
- SectorsReal Estate & Construction
- Website getspini.com
- Social LinkedIn X Facebook
- Legal Name Spinircle India Private Limited
- Date of Incorporation 12 Mar, 2015
- Annual Revenue₹5.17 Cr
FY 2024 · +24% YoY
- Net Profit₹15.9 Lakh
FY 2024 · 3% margin
- EBITDA₹14.5 Lakh
FY 2024 · 3% margin
- Total Equity Funding$749.51K (USD)
in 1 rounds
- Latest Funding Round$749.51K (USD), Seed
Jun 2015
- Investors
- Employee Count30
Associated legal entities of Spini
Spini operates through Spinircle India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spinircle India Private Limited CIN U72300TN2015FTC099650 | Active | 12 Mar 2015 | Chennai, Tamil Nadu | ₹5.2 Cr | 31 | 2 | View details |
Funding Insights of Spini
Spini has successfully raised a total of $749.51K through 1 strategic funding round. The most recent funding activity was a Seed round of $749.51 thousand completed in June 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $749,507
- Total Rounds 1
- Last Round Seed — $749,507
- First Round $749,507
(Jun 2015)
- Investors Count 1
All 1 funding rounds of Spini with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | $749,507 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Spini
Spini has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Walden International.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing globally in early & expansion stage companies | waldenintl.com | San Francisco, United States |
Investor details for Spini
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Spinircle India Private Limited (Spini)
Spinircle India Private Limited is the primary company behind Spini. The board of Spinircle India Private Limited currently have 2 directors; the longest-serving is Shankar Gomathinayagam, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shankar Gomathinayagam DIN 07095547 | Director | 12 Mar 2015 | 11 yrs 7 mo | Spinircle India Private Limited |
| Anuradha Venkatachalam DIN 08156532 | Director | 14 Jun 2018 | 8 yrs 4 mo | Spinircle India Private Limited |
Financials of Spini
Figures of Spinircle India Private Limited, the primary company behind Spini, for FY 2024. Revenue was ₹5.17 Cr (+24% year on year). Net profit was ₹15.9 Lakh (3% margin). EBITDA was ₹14.5 Lakh (3% margin). Revenue has grown at a compounded annual rate of +44% over three years and +32% over five years.
- ₹5.17 CrRevenue · FY 2024 · +24% YoY
- ₹15.9 LakhNet profit · 3% margin
- ₹14.5 LakhEBITDA · 3% margin
- ₹36.8 LakhPaid-up capital
- 31Employees (provident fund records)
- +44%Revenue CAGR, 3 years
- +32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spinircle India Private Limited are on its company page.
Detailed financial statements for Spini
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Spini
2 dated milestones of Spini across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Spini is founded.
- Funding First funding round of $750K.
Competitors of Spini
Spini has 3 listed competitors in our database, 3 of them funded. They include BroEx, Oku Tech and PlaBro.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| broex.in | 2014 | Gurugram, India | $4.22M | 1 | Serves as an app-based platform for networking and communication among real estate agents. | |
| okutech.in | 2014 | Gurugram, India | $8M | 52 | Online platform for buying, renting, and selling residential and commercial properties | |
| plabro.com | 2015 | Gurugram, India | $593,038 | Networking platform for real-estate brokers is facilitated by PlaBro. |
Detailed competitors of Spini
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as Spini (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 25.52 M | 1,188 | |
A platform for residential property buying is facilitated by PropTiger. | 2011 | Gurugram, Haryana, India | USD 99 M |
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Related news about Spini
Complete news archive for Spini
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Frequently Asked Questions about Spini
Spini was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Spini is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Spini is a funded company, having raised a total of $749.51K across 1 funding round to date. The company's 1st funding round was a Seed of $749.51K, raised on Jun 2015.
Spini has 30 employees.
The primary company behind Spini, Spinircle India Private Limited, reported revenue of ₹5.17 Cr for FY 2024, up 24% year on year.
Spini is a mobile app to find leads for sales professionals. It connects referrers and sales people. Users can post their leads on the platform with their required offers in different fields such as real estate, finance, interior designing and construction. Sales professionals can access these leads on the platform and can connect with the service seeker through the referrer by accepting their proposals. Users can earn money for their referrals and sales people get verified leads. Offers mobile app on Android and IOS platforms. Operates form 3 offices - Singapore, Chennai and Bangalore as of Jan16.
Spini has 1 investor. Key investors include Walden International.
Spini operates through Spinircle India Private Limited.
The legal entities of Spini currently have 2 directors, including Anuradha Venkatachalam, Shankar Gomathinayagam.