About Spyne
Spyne is a Technology company based in Gurugram (India) founded in 2018 by Deepti Prasad and Sanjay Kumar Varnwal. AI-powered imaging for vehicle photography is provided by the platform. It operates in the Technology, Media & Entertainment, and Transportation, Automotive & Logistics sectors. Spyne has raised $25.57 million across 7 funding rounds from investors including Angel List, Accel and Wellfound. Spyne has completed 1 acquisition, including Travographer. Spyne was last valued at $23.75 million in April 2024. Its chief executive, as recorded, is Sanjay Kumar Varnwal. Its website spyne.ai draws about 194 thousand monthly visits. Its Indian entity Eventila Technologies Private Limited reported revenue of ₹26.83 Cr. Spyne offers products and services including Image Studio, 360 Spin, Video Tour, and Dealer Store. Its focus areas include Native AI, AI - Native, Applications and Industry-specific Applications.
Company details
Founded in 2018 and based in Gurugram, India, Spyne operates in the AI technology sector focused on automotive imaging. Automated photo enhancement, 360-degree spin capture, background editing, shadow correction, and plate masking are included in its tools. Cataloging, API integration, CRM support, inventory management, and analytics dashboards are also provided to manage visual content workflows for vehicle-related businesses.
- Headquarters Gurugram, India
- Founders Deepti Prasad, Sanjay Kumar Varnwal
- Stage Minicorn
- SectorsTechnologyMedia & Entertainment Transportation, Automotive & Logistics
- Website category Hobbies and Leisure · Photography
- Email••••••••
- Website spyne.ai
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Eventila Technologies Private Limited
- Date of Incorporation 19 Jun, 2015
- Jurisdiction Delhi, India
- Annual Revenue₹26.83 Cr
FY 2025 · +181% YoY
- Net Loss-₹20.35 Cr
FY 2025 · -76% margin
- EBITDA-₹18.75 Cr
FY 2025 · -70% margin
- Total Equity Funding$25.57M (USD)
in 7 rounds
- Latest Funding Round$16M (USD), Series A
Feb 2025
- InvestorsAngel List
& 50 more
- Investments & Acquisitions
Associated legal entities of Spyne
Spyne operates through Eventila Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eventila Technologies Private Limited CIN U72100DL2015PTC281740 | Active | 19 Jun 2015 | New Delhi, Delhi | ₹26.8 Cr | 180 | 3 | View details |
Products & Services of Spyne
Spyne offers a comprehensive portfolio of products and services, including Image Studio, 360 Spin, Video Tour, and Dealer Store.
AI tool for virtual car photo enhancement and background replacement.
Generates 360-degree interactive car views for better engagement.
Creates AI-generated video brochures for automotive sales.
AI-powered platform for dealership websites and lead generation.
Apps and channels of Spyne
Spyne publishes 2 mobile apps with over 10K+ downloads; its YouTube channel Spyne has 1.15K subscribers and 30 videos.
Videos from Spyne
The most watched videos on Spyne's YouTube channel, Spyne (1.15K subscribers). Click a video to play it here.
More on Spyne.
Funding Insights of Spyne
Spyne has successfully raised a total of $25.57M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $16 million completed in February 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 $25.57M
- Total Rounds 7
- Last Round Series A — $16M
- First Round $147,710
(Dec 2018)
- Investors Count 51
All 7 funding rounds of Spyne 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 |
|---|---|---|---|---|---|
| Feb 2025 | $16M | Series A | – | Vertex Ventures | |
| Sep 2024 | $123,624 | Seed | – | – | – |
| Apr 2024 | $935,509 | Seed | $23.75M | Angel List | |
| Apr 2023 | $754,540 | Seed | $22.93M | Accel | |
| Dec 2021 | $7M | Seed | $••••• | Accel | |
| Aug 2020 | $606,370 | Seed | $••••• | Wellfound | |
| Dec 2018 | $147,710 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2024 | $23.75M | •••••••• |
| Apr 2023 | $22.93M | •••••••• |
| Dec 2021 | $••••• | •••••••• |
| Aug 2020 | $••••• | •••••••• |
Full valuation and stage history of Spyne
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $23.75M (Apr 2024). 51 investors in total: 18 institutional and 33 angel.
Investors in Spyne
Spyne has secured backing from 51 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Accel and Wellfound.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital fund focused on multiple sectors | stormventures.com | Menlo Park, United States | ||
Venture capital investments are managed by a single-family office. | anvayaventures.com | Los Angeles, United States | ||
AI startup acceleration and networking services are offered globally. | 2017 | upekkha.io | Bengaluru, India | |
Investing in seed-stage B2B SaaS companies with a focus on digital transformation and emerging tech in India. | 2020 | pentathlon.vc | Pune, India | |
Pre-seed and seed B2B SaaS investments are targeted by CORE91.VC. | core91.vc | Mumbai, India | ||
Smile Group is engaged in investing, building, and partnering with disruptive founders across Asia. | smile.group | Gurugram, India | ||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States |
Investor details for Spyne
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Eventila Technologies Private Limited (Spyne)
Eventila Technologies Private Limited is the primary company behind Spyne. The board of Eventila Technologies Private Limited currently have 3 directors; the longest-serving is Deepti Prasad, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepti Prasad DIN 07188666 | Director | 19 Jun 2015 | 11 yrs 4 mo | Eventila Technologies Private Limited |
| Sanjay Kumar DIN 08766877 | Director | 19 Jun 2020 | 6 yrs 4 mo | Eventila Technologies Private Limited |
| Piyush Kharbanda DIN 08126225 | Nominee Director | 28 May 2025 | 1 yr 5 mo | Eventila Technologies Private Limited |
People of Spyne
47 people are tracked at Spyne (15 in leadership, 32 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CMO | Leadership | |
Sanjay Kumar Varnwal | Co-Founder & CEO | Leadership |
Sanjay Varnwal | CEO & Co-Founder | Leadership |
CHANDRA SHEKHAR | Head Of Finance | Leadership |
Tushar Sukhija | Director, Finance | Leadership |
Kshitij Rawat | Head Of Engagement & Events | Leadership |
Jessica Bosch | Director of Growth | Leadership |
Kapil Arora | Head Of Business | Leadership |
Aditi Gupta | Head of HR | Leadership |
Manoj Kumar | Head Of Information Technology | Leadership |
Ankit Khandelwal | VP - Automotive Business | Leadership |
Praveen Agarwal | Head Of Operations | Leadership |
Ranbir Manoranjan | Vertical Head | Leadership |
Kartik Gupta | Head of E-commerce | Leadership |
Jagrit Sawhney | Associate Director | Leadership |
kamal chandra | Full Stack Engineer | Team |
Raman chauhan | iOS Developer | Team |
Sumit Rana | Deputy Manager Operations | Team |
Ridam Rastogi | Data Analyst | Team |
Jay Berry | Account Executive | Team |
27 more people are available in the full profile.
Complete people profiles for Spyne
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Spyne
Figures of Eventila Technologies Private Limited, the primary company behind Spyne, for FY 2025. Revenue was ₹26.83 Cr (+181% year on year). Net loss was -₹20.35 Cr (-76% margin). EBITDA was -₹18.75 Cr (-70% margin). Revenue has grown at a compounded annual rate of +102% over three years and +115% over five years.
- ₹26.83 CrRevenue · FY 2025 · +181% YoY
- -₹20.35 CrNet loss · -76% margin
- -₹18.75 CrEBITDA · -70% margin
- ₹2.7 LakhPaid-up capital
- 180Employees (provident fund records)
- +102%Revenue CAGR, 3 years
- +115%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eventila Technologies Private Limited are on its company page.
Detailed financial statements for Spyne
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Spyne
Spyne has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Travographer.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online marketplace for photographers | travographer.com | Gurugram, India | 2016 | Jun 2022 | •••• |
Complete acquisition details for Spyne
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Spyne
5 dated milestones of Spyne across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Spyne is founded.
- Funding First funding round of $148K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Travographer.
- Funding Latest funding round, Series A, of $16.0M.
Web traffic of Spyne
The website of Spyne (spyne.ai) receives about 194.2K visits a month and ranks #186,810 among all websites worldwide, #1,232 in Photography.
- Monthly visits194.2K
▲ 12.1% vs previous month
- Unique visitors78.4K
per month
- Global rank#186,810
among all websites
- Category rank#1,232
Hobbies and Leisure · Photography
- Bounce rate37%
- Pages per visit4.4
- Average visit1 min 29 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with Spyne. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
artinki.ru | artinki.ru | 100% | #386,055 | – | |
colorizepro.ru | colorizepro.ru | 95% | #999,674 | – | |
photobooth.online | photobooth.online | 95% | #131,945 | – | |
xn--80ahcwqaelfmgp.net | xn--80ahcwqaelfmgp.net | 90% | #3,433,599 | – | |
| photogrid.app | 89% | #62,324 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Spyne
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Spyne
Complete news archive for Spyne
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- Full article archive
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Frequently Asked Questions about Spyne
Spyne was founded in 2018.
Spyne is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sanjay Kumar Varnwal is the CEO of Spyne, as recorded in our data. They have also founded this company.
Spyne is a funded company, having raised a total of $25.57M across 7 funding rounds to date. The company's 1st funding round was a Seed of $147.71K, raised on Dec 2018.
The primary company behind Spyne, Eventila Technologies Private Limited, reported revenue of ₹26.83 Cr for FY 2025, up 181% year on year.
Founded in 2018 and based in Gurugram, India, Spyne operates in the AI technology sector focused on automotive imaging. Automated photo enhancement, 360-degree spin capture, background editing, shadow correction, and plate masking are included in its tools. Cataloging, API integration, CRM support, inventory management, and analytics dashboards are also provided to manage visual content workflows for vehicle-related businesses.
Spyne offers Image Studio, 360 Spin, Video Tour, and Dealer Store.
Spyne has made 1 acquisition, including Travographer.
Spyne has 51 investors. Key investors include Angel List, Accel, Wellfound, LetsVenture, and TO THE NEW.
The valuation of Spyne is $23.75M as of Apr 2024.
Spyne operates through Eventila Technologies Private Limited.
The legal entities of Spyne currently have 3 directors, including Deepti Prasad, Sanjay Kumar, Piyush Kharbanda.