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String of IPOs will sustain funding frenzy, say founders, investors indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
India’s Spinny raises $65 million to expand its online platform for selling used cars Hundreds of thousands of used cars are sold in India each month. But buying one through the offline and traditional channel could prove to be a painstakingly long and high-risk process. A Gurgaon-based startup that is attempting to improve this experience said on Thursday it has raised a new financing round. Spinny has raised $65 million in its Series C financing round, the five-year-old Indian startup said. The new round was led by Silicon Valley-headquartered venture firm General Catalyst, while Feroz Dewan’s Arena Holdings, Think Investments, and existing investors Fundamentum Partnership backed by tech veterans Nandan Nilekani and Sanjeev Aggarwal and Elevation Partners participated in it. ....
Online used car retailing platform Spinny raises $65 million in funding round PTI Mumbai | Updated on × The Series C funding round saw participation from new investors including Feroz Dewan’s Arena Holdings, and Think Investments. Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst. The Series C funding round saw participation from new investors including Feroz Dewan’s Arena Holdings, and Think Investments. In addition, existing investors Elevation Partners (previously SAIF Partners) and the Fundamentum Partnership, among others, also participated in the funding round, Spinny said in a release. ....
Online used car retailing platform Spinny raises $65 mn in funding round business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.