| File:Spinny (company) logo.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Used cars |
| Founded 📆 | 2015 |
| Founder 👔 | |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | |
| Services | purchase and sale of pre-owned vehicles |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Spinny is an Indian online platform specializing in the purchase and sale of pre-owned vehicles.[1][2] Established in 2015, the company was founded by Niraj Singh, Mohit Gupta, and Ramanshu Mahaur.[3] Spinny operates a digital-first model integrated with physical retail touchpoints, offering services across several major Indian cities.[4][5][6]
History
It was founded in 2015 and headquartered in Gurugram.[7] It operates an online platform for the purchase and sale of used cars, with a model that includes both digital and physical infrastructure.[8]
In 2021, Spinny raised $283 million in a Series E funding round, increasing its valuation to $1.8 billion and achieving unicorn status; this funding supported the company’s geographic and operational expansion.[9][10]
Business model
Spinny provides a selection of pre-owned vehicles that undergo a standardized inspection process.[11] The company operates a fixed-price model, avoiding negotiation-based pricing.[12]
It also offers additional policies such as a five-day return period and a certification program named "Spinny Assured."[13]
It conducts a 200-point inspection process that includes checking the vehicle's exterior for major dents and scratches, and identifying any components that have been replaced.[13]
Acquisitions
In 2020, Spinny acquired Truebil, another online used-car retailer.[1] This acquisition aimed to increase inventory and expand customer reach.[1]
Market initiatives
In 2025, Spinny launched the "God Promise" campaign featuring cricketer Sachin Tendulkar.[14] The campaign focused on promoting aspects such as warranty coverage and return policies.[14]
References
- ↑ 1.0 1.1 1.2 "Exclusive: Online Used Car Platform Spinny Buys Out Rival Truebil". Forbes India. Retrieved 2025-05-24.
- ↑ "How Spinny Emerged As A Dark Horse In The Race To Win Used Car Market - Forbes India". Forbes India. Retrieved 2025-05-24.
- ↑ Suvarna, Anuj. "Spinny closes $283 mn round in Series E funding, valued at $1.8 bn". Live mint. Retrieved 2025-05-24.
- ↑ chaturvedi, Prabhakar (2023-12-29). "Spinny's Digital Sales Surge to 70 Per Cent with 13 per cent Increase in 2023". Outlook Business. Retrieved 2025-05-24.
- ↑ "Spinny opens 1,000 acre park in Bengaluru as it sees used cars demand continuing to remain strong". Moneycontrol. Archived from the original on 2022-11-24. Retrieved 2025-05-24. Unknown parameter
|url-status=ignored (help) - ↑ Bhatla, Prabhjeet (2021-04-08). "Spinny Raises $65 Mn In Series C Round". Entrepreneur. Retrieved 2025-05-24.
- ↑ "Online transaction makes up for 48% of used-car sales for Spinny". Financialexpress. 2022-12-23. Retrieved 2025-05-24.
- ↑ "Used car platform Spinny raises $108 million to fund growth and expand its presence across India". m.economictimes.com. Archived from the original on 2025-05-24. Retrieved 2025-05-24.
- ↑ Shah, Sneha (24 November 2021). "spinny funding: Spinny turns unicorn after raising $285 million from ADQ, Tiger Global and others - The Economic Times". m.economictimes.com. Retrieved 2025-05-24.
- ↑ "Indian used-car platform Spinny valued at $1.8 bln in new funding round". Reuters. 7 December 2021. Retrieved 3 June 2025.
- ↑ "Spinny Park with 1,000 car-capacity opened in Bengaluru". India Today. 2022-11-24. Retrieved 2025-05-24.
- ↑ "How Pricing Works at Spinny®". www.spinny.com. Retrieved 2025-05-24.
- ↑ 13.0 13.1 "Spinny360 lets you check out detailed exteriors, interiors of used cars online, here's how!". Financialexpress. 2020-10-27. Retrieved 2025-05-24.
- ↑ 14.0 14.1 "No sales pitch, just 'God Promise': Spinny's quiet campaign with Sachin Tendulkar". Live Mint. Retrieved 24 May 2025.
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