Suspense crime, Digital Desk : Spinny, the full-stack online retailer for pre-owned cars, has successfully raised $40 million in an extended Series A funding round led by venture capital firm WestBridge Capital. This significant cash injection is aimed at fueling the company’s aggressive expansion plans and solidifying its position in India’s competitive used-car market.


The fresh capital will be strategically deployed to enhance the customer experience, strengthen technology and product capabilities, and expand the company’s operational footprint across the country. According to Spinny’s co-founder and CEO, Niraj Singh, the investment validates their commitment to building a transparent and trustworthy brand in an industry often plagued by uncertainty.


Spinny distinguishes itself with a “full-stack” business model, meaning it controls the entire process from vehicle procurement to final delivery. This approach is designed to provide customers with a seamless and reliable experience. Every vehicle sold through its “Spinny Assured” platform undergoes a rigorous 200-point inspection and comes with a 5-day money-back guarantee and a one-year warranty, directly addressing common consumer pain points like quality assurance and post-purchase support.


Sumir Chadha, Managing Director at WestBridge Capital, expressed strong confidence in Spinny’s vision and its leadership team. He highlighted the company’s focus on quality and customer satisfaction as key factors driving their investment decision, noting the massive potential for a trusted brand to disrupt the fragmented pre-owned car market.


With this latest infusion, Spinny’s total funding in its Series A round now stands at approximately $57 million. The investment not only provides the startup with substantial financial firepower but also serves as a strong endorsement of its mission to bring transparency and integrity to buying and selling used cars in India.


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