{"id":7202,"date":"2021-12-07T13:16:16","date_gmt":"2021-12-07T07:46:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-spinny-funding\/"},"modified":"2021-12-07T13:16:16","modified_gmt":"2021-12-07T07:46:16","slug":"biz-spinny-funding","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-spinny-funding\/","title":{"rendered":"Spinny raises USD 283 million in Series E funding round"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4028379198\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Dec 7 (PTI) Online pre-owned car selling platform Spinny on Tuesday said it has raised USD 283 million in Series E round of funding from a mix of both new and existing investors, giving it a valuation of USD 1.8 billion.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1061148421\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The fresh capital will be deployed towards further stepping up the customer experience, strengthening technology and product capabilities and building teams across functions, Spinny said in a release.<\/p>\n<p> The latest fund round was led by the Abu Dhabi-based ADQ, TigerGlobal, Avenir Growth, it said, adding,  the round also saw participation from existing investors Feroz Dewan&#8217;s, Arena Holdings and Think Investments, it said.<\/p>\n<p> It includes a primary capital infusion of USD 250 million and a secondary sale of USD 33 million by select angels and a few seed stage investors.<\/p><div class=\"trade-content_5\" id=\"trade-4052879349\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The additional funding takes the overall funds raised by Spinny till date to more than USD 530 million and with this round the platform&#8217;s valuation now stands at  USD 1.8 billion, it said.<\/p>\n<p> \u201cLeveraging technology, our focus is to further strengthen our quality and experience control capabilities. We are delighted to have new partners on board our rocketship, in ADQ Investments, and are thankful to our existing investors,\u201d said Niraj Singh, Founder-CEO, Spinny.<\/p>\n<p> Over the last 12 months, Spinny has added multiple industry-first initiatives such as Spinny360 &#8211; interactive inventory viewing, assured buyback program &#8211; tenure based flexible car ownership, online booking, and doorstep test drives and delivery, the company said.  PTI IAS  ANS ANS<\/p>\n<div class=\"trade-after-content\" id=\"trade-1096185128\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Dec 7 (PTI) Online pre-owned car selling platform Spinny on Tuesday said it has raised USD 283 million in Series E round of funding from a mix of both new and existing investors, giving it a valuation of USD 1.8 billion. The fresh capital will be deployed towards further stepping up the customer experience, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-7202","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spinny raises USD 283 million in Series E funding round - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-spinny-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spinny raises USD 283 million in Series E funding round\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Dec 7 (PTI) Online pre-owned car selling platform Spinny on Tuesday said it has raised USD 283 million in Series E round of funding from a mix of both new and existing investors, giving it a valuation of USD 1.8 billion. 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