We'll soon meet in your inbox. Please wait... So far, the startup has raised more than $120 million, including the latest round. Founded in 2015, Spinny pivoted from its customer-to-customer model to its current full-stack model, where it buys, refurbishes and sells used cars. The platform sells close to 1,500 cars every month and is growing at a steady rate of 15-16% month-on-month, founder and chief executive officer Niraj Singh told ET. By the end of the year, Singh said, Spinny wants to nearly treble its current volume. Spinny will deploy the fresh funding for improving customer experience, expanding into new markets, strengthening technology and product capabilities, launching new business categories, and building teams across functions.