About Spyne
Spyne is a company based in Gurugram (India) founded in 2018 by Deepti Prasad and Sanjay Kumar Varnwal.. Spyne has raised $25.44 million across 6 funding rounds from investors including Angel List, Accel and Wellfound. Spyne has completed 1 acquisition, including Travographer. Spyne offers products and services including Image Studio, 360 Spin, Video Tour, and Dealer Store. Spyne operates in a competitive market with competitors including CarCutter, Black Widow Imaging, B2see Video, 360 Car View and AutoShoot, among others.
- Headquarter Gurugram, India
- Founders Deepti Prasad, Sanjay Kumar Varnwal
- Stage Minicorn
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Sectors
TechnologyMedia & Entertainment 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 Eventila Technologies Private Limited
- Date of Incorporation 19 Jun, 2015
- Jurisdiction Delhi, India
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Annual Revenue
$0 (USD)-100as on Mar 31, 2015
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Net Profit
$0 (USD)100as on Mar 31, 2015
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EBITDA
$0 (USD)100as on Mar 31, 2015
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Total Equity Funding
$25.44 M (USD)
in 6 rounds
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Latest Funding Round
$16 M (USD), Series A
Feb 18, 2025
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Investors
Angel List
& 50 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Spyne
Spyne offers a comprehensive portfolio of products and services, including Image Studio, 360 Spin, Video Tour, and Dealer Store. 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.
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.
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Leadership Team
9 people
Sales and Marketing
7 people
Software Development Team
5 people
Head Team
3 people
Finance and Accounting
2 people
Operations Team
2 people
Data Analysis and Operations Team
2 people
Human Resources and Administration
2 people
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Funding Insights of Spyne
Spyne has successfully raised a total of $25.44M across 6 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 Total Funding
- Total Rounds 6
- Last Round Series A — $16.0M
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First Round
First Round
(30 Dec 2018)
- Investors Count 51
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2025 | Amount | Series A - Spyne | Valuation | Vertex Ventures | |
| Apr, 2024 | Amount | Seed - Spyne | Valuation | Angel List | |
| Apr, 2023 | Amount | Seed - Spyne | Valuation | Accel |
| 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 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. 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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Venture capital fund focused on multiple sectors
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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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Venture debt funding and structured finance for innovative startups in India.
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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 Spyne
Spyne has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Travographer. 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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Online marketplace for photographers
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Spyne
| 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 |
Spyne Comparisons
Competitors of Spyne
Spyne 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 CarCutter, Black Widow Imaging, B2see Video, 360 Car View and AutoShoot, 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 |
AI & cloud-driven visual editing & optimization solution for the automotive industry
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| domain | founded_year | HQ Location |
Automotive imaging systems are manufactured for vehicle applications.
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| domain | founded_year | HQ Location |
App for capturing and publishing vehicle videos and images for car dealers.
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| domain | founded_year | HQ Location |
360 Car View delivers cloud-driven merchandising solutions for auto dealers.
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| domain | founded_year | HQ Location |
Digital platform for car photo editing and background removal services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Spyne
Frequently Asked Questions about Spyne
When was Spyne founded?
Spyne was founded in 2018.
Where is Spyne located?
Spyne is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Spyne?
Sanjay Kumar Varnwal is the current CEO of Spyne. They have also founded this company.
Is Spyne a funded company?
Spyne is a funded company, having raised a total of $25.44M across 6 funding rounds to date. The company's 1st funding round was a Seed of $754.54K, raised on Dec 30, 2018.
What does Spyne do?
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.
Who are the top competitors of Spyne?
Spyne's top competitors include Black Widow Imaging, CarCutter and AutoImaging.
What products or services does Spyne offer?
Spyne offers Image Studio, 360 Spin, Video Tour, and Dealer Store.
How many acquisitions has Spyne made?
Spyne has made 1 acquisition, including Travographer.
Who are Spyne's investors?
Spyne has 51 investors. Key investors include Angel List, Accel, Wellfound, LetsVenture, and TO THE NEW.
What is Spyne's valuation?
The valuation of Spyne is $23.75M as of Apr 2024.