About Spinny
Spinny is a company based in Gurugram (India) founded in 2015 by Aarti Gupta, Niraj Singh, Ramanshu Mahaur, and Mohit Gupta.. Spinny has raised $716.48 million across 17 funding rounds from investors including Kaiser Permanente, KB Financial Group and Accel. The company has 3,992 employees as of April 02, 2025. Spinny has completed 6 acquisitions, including Autocar India, GoMechanic and Haymarket SAC. Spinny offers products and services including Used Car Platform, Test Drive Service, and Car Finance Service. Spinny operates in a competitive market with competitors including CarDekho, CarWale, Droom, CarTrade Tech and Truebil, among others.
- Headquarter Gurugram, India
- Employees 3992 as on 02 Apr, 2025
- Founders Aarti Gupta, Niraj Singh, Ramanshu Mahaur, Mohit Gupta
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Valuedrive Technologies Private Limited
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$446.48 M (USD)2023.49as on Mar 31, 2024
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Net Profit
$-68.97 M (USD)-20.48as on Mar 31, 2024
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EBITDA
$-62.12 M (USD)-4.32as on Mar 31, 2024
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Total Equity Funding
$716.48 M (USD)
in 17 rounds
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Latest Funding Round
$43.81 M (USD), Series F
Dec 12, 2025
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Investors
Kaiser Permanente
& 36 more
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Employee Count
3992
as on Apr 02, 2025
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Investments & Acquisitions
Autocar India
& 5 more
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Products & Services of Spinny
Spinny offers a comprehensive portfolio of products and services, including Used Car Platform, Test Drive Service, and Car Finance Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for buying and selling certified used cars
Home or hub-based test drives for pre-owned cars
Assists with loans and financing for used car purchases
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Funding Insights of Spinny
Spinny has successfully raised a total of $716.48M across 17 strategic funding rounds. The most recent funding activity was a Series F round of $43.81 million completed in December 2025. 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 Total Funding
- Total Rounds 17
- Last Round Series F — $43.8M
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First Round
First Round
(06 Jun 2017)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series F - Spinny | Valuation | Accel |
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| Sep, 2025 | Amount | Series F - Spinny | Valuation | Sachin Tendulkar |
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| Jun, 2025 | Amount | Series F - Spinny | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spinny
Spinny has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Kaiser Permanente, KB Financial Group and Accel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spinny
Spinny has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Autocar India, GoMechanic and Haymarket SAC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-powered car tracking and diagnostics solutions
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2018 | ||||
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Provider of car service and repair network
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2016 | ||||
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Provides self-drive car rentals with flexible options and online booking services.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Spinny
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spinny Comparisons
Competitors of Spinny
Spinny operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CarDekho, CarWale, Droom, CarTrade Tech and Truebil, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Retailer of new automobiles, used vehicles, and related automotive news
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| domain | founded_year | HQ Location |
Second-hand cars are listed online to connect buyers and sellers.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Online marketplace for used cars
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| domain | founded_year | HQ Location |
Online P2P marketplace for used cars
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spinny
Frequently Asked Questions about Spinny
When was Spinny founded?
Spinny was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Spinny located?
Spinny is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Spinny?
Niraj Singh is the current CEO of Spinny. They have also founded this company.
Is Spinny a funded company?
Spinny is a funded company, having raised a total of $716.48M across 17 funding rounds to date. The company's 1st funding round was a Series F of $40M, raised on Jun 06, 2017.
How many employees does Spinny have?
As of Apr 02, 2025, the latest employee count at Spinny is 3,992.
What is the annual revenue of Spinny?
Annual revenue of Spinny is $446.48M as on Mar 31, 2024.
What does Spinny do?
Retailer of inspected, certified pre-owned vehicles with service and finance options. The company provides a platform for individuals to buy and sell used cars. Inspection reports are available, and a money-back guarantee is offered. Customers can explore various makes and models, and schedule test drives.
Who are the top competitors of Spinny?
What products or services does Spinny offer?
Spinny offers Used Car Platform, Test Drive Service, and Car Finance Service.
How many acquisitions has Spinny made?
Spinny has made 6 acquisitions, including Autocar India, GoMechanic, and Haymarket SAC.
Who are Spinny's investors?
Spinny has 37 investors. Key investors include Kaiser Permanente, KB Financial Group, Accel, xto10x, and HaymarketMediaGroup.
What is Spinny's valuation?
The valuation of Spinny is $1.65B as of Nov 2024.
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