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Spinny, pre-owned cars platform, raises $108 mn in funding led by Tiger Global, Avenir Growth
The latest round of capital infusion in Spinny comes close on the heels of $65 million funds injected in the company in the Series C round in April this year.
NikolayFrolochkin
Spinny, an online platform for selling used cars, has raised $108 million (around Rs 807 crore) in a funding round led by Tiger Global and New York-based Avenir Growth.
The latest round of capital infusion in Spinny comes close on the heels of $65 million funds injected in the company in the Series C round in April this year.
Spinny gets $108 million funding from Tiger Global, others
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Last Updated: Jul 19, 2021, 07:46 PM IST
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The fundraise, a mix of primary capital ($105 million) and secondary share sale ($3 million), values the Gurugram-based used cars reseller at $750-800 million, according to a senior company official.
ETtech
Spinny founder Niraj Singh.
Mumbai:Spinny, an online used car marketplace, has raised $108 million in a Series D funding round led by Tiger Global along with participation of New York-based Avenir Growth, and existing investors General Catalyst and others.
The fundraise, a mix of primary capital ($105 million) and secondary share sale ($3 million), values the Gurugram-based startup at $750-800 million, a senior company official said. Tiger and Avenir Growth invested $75 million and $20 million, respectively, while the others brought in the rest. A few angels and early backers have exited the firm.