Used car retail platform Spinny is raising between $35 to $40 million as part of its ongoing funding round in 2025. The capital infusion is expected to fuel the company’s plans for deeper market penetration and improved digital infrastructure.
Who’s Investing?
Sources suggest that existing backers such as Accel, Elevation Capital, and General Catalyst are participating in the round. Spinny is also reportedly in talks with new strategic investors to expand its cap table.
Purpose of the Funding
The funds will be used to:
- Expand physical and digital car retail footprint
- Strengthen AI-powered pricing and car inspection technology
- Bolster marketing campaigns and brand outreach
- Explore EV pre-owned vehicle sales
About Spinny
Founded in 2015, Spinny is an Indian full-stack used car buying and selling platform. It offers car inspections, home test drives, and complete documentation support. The brand targets metro cities and is now expanding to tier-2 markets.
Spinny’s value proposition lies in quality assurance, fixed pricing, and a no-haggle buying experience backed by a 5-day money-back guarantee and 200-point vehicle inspection.
Market Context
India’s used car market is booming, projected to reach $70 billion by 2030. Platforms like Spinny are capitalizing on the digital shift, increasing demand for personal vehicles, and better consumer trust in organized players.
Conclusion
Spinny’s latest funding round of $35–40 million reflects investor confidence in India’s growing used car market. With a focus on technology, customer service, and expansion, the company is set to accelerate its competitive edge in 2025.
