Spinny is an electronic second-hand car seller. Spinny enables dealers to receive a price for their vehicle and arrange an examination.
With Spinny, Customers can search internet-based assets, see the car’s state descriptions, choose an option, and book an appointment to drive it.
Additionally, spinny allows drivers to present their vehicles for resale and receive immediate inquiries.
Spinny enables users to Select through more than five thousand types of thoroughly examined used vehicles to Choose online and then schedule an initial residence or Spinny Auto Centre ride.
About Spinny:
Spinny is a revolutionary car purchase marketplace driven by technology that makes deals for second-hand cars securely and simply.
Spinny is the owner of a used car-selling website that aims to offer affordable second-hand automobiles.
Spinny allows drivers to display the specifications of their vehicles and provides prospective consumers with a straightforward and straightforward approach to purchasing a vehicle.
Spinny allows buyers to Hand-pick vehicles with all relevant information included and the opportunity for an evaluation drive, combined with a five-day return policy.
Spinny serves 36 automobile centers in Fifteen urban areas; they are Delhi, Gurugram, Noida, Bangalore, Mumbai, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Lucknow, Jaipur, Chandigarh, Indore, and Tamilnadu.
Spinny provides its customer with a five-day, zero-questions refund assurance and a one-year afterward assurance as a testament to Spinny’s dedication to openness and excellence.
Spinny was founded in 2015 and has its headquarters in Delhi, India.
| Name of the company | spinny |
| Founded year | 2015 |
| Founders of the company | Niraj singh, mohit gupta and ramanshu mahaur |
| Competitors of the company | Cardekho, cartrade, carwale, cars24 |
| Website of the company | spinny.com |
| Country of origin | Gurgaon, india |
| Investors of the company | 73 investors |
| Valuation of the company | 1.62 billion dollars |
Spinny Name and logo:
Spinny-founders
Spinny has three founders: Niraj singh, Mohit Gupta, and Ramanshu mahaur.
Niraj singh –
Niraj singh is the founder and CEO of spinny.
Niraj completed his education at the Indian Institute of Technology in Roorkee, where he studied Bachelor of Architecture and architectural engineering, and at the Indian Institute of Technology, Delhi, where he studied B.tech from 2003 to 2007.
Other than spinny, niraj has also founded multiple ventures like locus education, tech monkey and outbox ventures.
Mohit Gupta –
Mohit Gupta is the co-founder of spinny.
He completed his education at chotu ram state college of Engineering, where he studied B.E. in electronics and communication and an MBA from the Institute of management technology, Ghaziabad.
Mohit worked for tech Mahindra as a technical associate, at whirlpool corporation as a management summer intern, at intern globe general aviation as a sales trainee, and at Flipkart as a manager, senior manager, and associate director.
Lastly, he co-founded Spinny,
Ramanshu Mahaur –
Ramanshu Mahaur is the co-founder and CTO of spinny.
He completed his education at the Indian Institute of Technology in Delhi, where he studied Bachelor of Technology in computer science from 2009 to 2013.
Ramanshu worked as an intern for Yahoo and as a member of the technical staff at Adobe.
Other than spinny, he has also founded another venture called karmabite in 2014.
Spinny- board members
Spinny has five board members. They are –
- Amit Rana – board member – representing self
- Anand Aniel – board member- representing Accel
- Ashish kumar – board member – representing the fundamental partnership
- Mohit Gupta – co-founder and board member – representing Spinny
- Mukul Arora – board member – representing – elevation capital (India)
Spinny – competitors
Cardekho –
CarDekho is an advertising marketplace for old and new automobiles. cardekho’s software enables consumers to post their used automobiles, and dealerships may offer fresh vehicles for sale on the website. Customers can look for automobiles depending on their place of residence, cost, company, and other factors.
It offers its customers services related to e-commerce, 360-degree vehicle viewership, and evaluations of vehicles to assist consumers with contacting dealerships.
It also provides vehicle financing for customers who wish to purchase an automobile on credit; Users may contrast vehicle characteristics, specifications, and driving costs.
Cardekho has a mobile application for both Android and iOS phones and tablets.
Cartrade –
Cartrade is a company that provides advertising amenities for used vehicles. Customers may purchase, list, and resell their automobiles on the website as well as via sales, and the advertisement site provides an overall assessment for each vehicle it displays.
Users have access to criteria for their searches, including those for cost range, city, company, car category, etc.
Additionally, users can look up highway costs, fresh models, accumulated EMIs, and suggestions. cartrade has a mobile application for both Android and iOS smartphones.
Cartrade was founded in 2006 in mumbai in india.
The company has raised a total funding of 339 million dollars.
Carwale –
Carwale is a marketplace on the internet that makes it easier to sell used vehicles.
The portal functions as an informational tool to link purchasers and sellers of automobiles and allows users to explore different automobile manufacturers, prices, and coverage options.
Carwale has an Android as well as an iOS app for sale.
Carwale was founded in 2003 in Mumbai, India.
The total company valuation of carwale is 19.8 million dollars.
cars24 –
cars24 is a business-to-business platform for used vehicles. Via their website or application, automobile owners or buyers can assess their automobiles by providing specifics about the automobile to acquire projected sale values and arrange an in-person assessment at a local branch.
cars24 allows live bidding for cars that can be held by letting their affiliated merchants place bids.
In addition, cars24 offers doorstep distribution along with test rides. They have an Android as well as an iPhone app for sale.
Cars24 was founded in 2014 in Gurgaon, India.
The company valuation of cars24 is 3.21 billion dollars.
Spinny – investors
Spinny has a total of 73 investors out of which the company has raised a total funding of 530 million from only 14 rounds of funding.
Spinny is also invested by famous cricketer sachin tendulkar.
Some prominent investors of Spinny are –
Norwest Ventures Partners-
Norwest Venture Partners is a private equity company situated in Palo Alto, California, and was established in 1961.
The company intends to make investments in initial to later-stage businesses in Israel, India, and the United States that are engaged in technology-related information and communication services, business amenities, banking and insurance businesses, medical treatment, and consumable goods and amenities industries.
Kb Investment-
KB Investment is a capital-raising company situated in Seoul, South Korea, and was established in 1990.
The company favors investing in early-stage, later-stage, and seed-stage businesses.
The company also specializes in investing in development and venture capital.
The company looks for opportunities in the retail goods, business services, medical treatment, technology-related substances, and energy industries in the US, the Southeast Asian region, India, South Korea, and Israel.
Abu Dhabi Growth Fund –
Abu Dhabi Growth Fund is a government-owned holding company based in Abu Dhabi, United Arab Emirates, which was established in 2021.
The company mainly trades in publicly traded shares, investment funds, equity crowdfunding, and investment companies.
Elevation Capital –
Elevation Capital is an Indian entrepreneurial investment company situated in Gurugram.
The company looks for investments internationally in seed-stage, early-stage, and later-stage businesses.
The company favors investing in industries such as retail and more.
FAQS related to spinny
When was Spinny founded?
The company Spinny was founded in 2015.
Where was the company Spinny founded?
The company Spinny was founded in Gurgaon in India.
What is the total funding raised by Spinny?
The company has raised a total funding of 530 million dollars.
What is the company valuation of Spinny?
The company’s valuation of spinny is 1.61 billion dollars.
In what space does spinny work?
The company Spinny works in the B2C space.
In what market segment does spinny work?
The company Spinny works in the retail, auto tech, and auto market segments.
When was the latest funding round of Spinny?
The most recent funding round of spinny was on September 29, 2022.
What is the total employee count of Spinny?
The total employee count of Spinny as of November 30, 2022, is 4406.
Is Spinny an unicorn?
Yes, the company Spinny is an unicorn.
How many angel investors does Spinny have?
The company Spinny has 34 angel investors, including Sachin Tendulkar.
Conclusion
Spinny is an independent auto company that deals in the acquisition and resale of used vehicles.
Spinny allows an internet-based stock for customers to peruse, they may choose a vehicle of their preference, and they can arrange a complimentary test driving.
Additionally, spinny allows drivers to post their vehicles for purchase and receive immediate inquiries.
Spinny promises to evaluate vehicles using a 200-point assessment and to offer customers an assurance of one year as well as verification. Spinny was purchased by HopCar in June 2016 and partnered together.
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