Spinny - About the company
Spinny is a series G company based in Gurugram (India), founded in 2015 by Niraj Singh, Ramanshu Mahaur, Ganesh Pawar and Mohit Gupta. It operates as an Online retailer of inspected used vehicles with service and financing. Spinny has raised $698M in funding from investors like Accel, Tiger Global Management and General Catalyst, with a current valuation of $1.28B. The company has 266 active competitors, including 6 funded and 6 that have exited. Its top competitors include companies like CarDekho, Droom and CarWale.
Sectors and market segments that Spinny operate in
Spinny serves in the Auto Tech, Auto market segments.The primary business model of Spinny are:Company Details
Online retailer of inspected used vehicles with service and financing. The business provides vehicle sales with options for home test drives and delivery. It offers vehicle service plans and facilitates financing through partner lenders. The business provides a platform for individuals to sell vehicles.
- Website
- www.spinny.com/
- Social
- Email ID
- *****@spinny.com
- Phone Number
- +91 **********
- Registered Address
- 75-B,GROUND FLOOR NIL BLOCK, MALVIYA NAGAR, South Delhi, NEW DELHI, Delhi, India, 110017
Key Metrics
Founded Year
2015
Location
Gurugram, India
Stage
Series G
Total Funding
$698M in 15 rounds
Latest Funding Round
Post Money Valuation
$1.28B as on Feb 27, 2026
Investors
Ranked
1st among 266 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
5,736 as on May 31, 2025
Investment & Acquisitions
Legal entities associated with Spinny
Spinny is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OUTFOX ADVISORS PRIVATE LIMITED CIN: U74999DL2017PTC323304 , India, Active | Sep 06, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 536 (As on May 31, 2025) | |
PURERIDE TECHNOLOGIES PRIVATE LIMITED CIN: U72900DL2022PTC397506 , India, Active | Apr 28, 2022 | ₹1,000+ Cr (As on Mar 31, 2025) | 605 (As on May 01, 2026) | |
NORTHCRED SERVICES PRIVATE LIMITED CIN: U50400HR2019PTC079065 , India, Active | Mar 12, 2019 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | - | |
Yellow Drive Technologies Private Limited CIN: U74900DL2015PTC279608 , India, Active | Apr 29, 2015 | 0 - ₹10 Cr (As on Mar 31, 2025) | 24 (As on Mar 31, 2017) | |
VALUEDRIVE TECHNOLOGIES PRIVATE LIMITED CIN: U74999HR2019PTC077781 , India, Active | Jan 11, 2019 | ₹1,000+ Cr (As on Mar 31, 2025) | 4829 (As on Aug 01, 2025) |
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Spinny's funding and investors
Spinny has raised a total funding of $698M over 15 rounds. Its first funding round was on Jun 06, 2017. Its latest funding round was a Series G round on Dec 12, 2025 for $90M. 2 investors participated in its latest round. Spinny has 43 institutional investors and 14 angel investors.
Here is the list of recent funding rounds of Spinny:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 12, 2025 | $90M | Series G | $1.24B | 0.9x | ||
Sep 29, 2025 | $581K | Series F | $1.09B | 1.0x | - | |
Mar 13, 2025 | $130M | Series F | $1.12B | 1.8x |
Access funding benchmarks and valuations. Sign up today!View details of Spinny's funding rounds and investors
Spinny's founders and board of directors
Founder? Claim ProfileThe founders of Spinny are Niraj Singh, Ramanshu Mahaur, Ganesh Pawar and Mohit Gupta. Niraj Singh is the CEO of Spinny.
Here are the details of Spinny's key team members:
- Niraj Singh: Founder & CEO of Spinny and founder of 1 other company. They are also an angel investor in 13 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Ramanshu Mahaur: Co-Founder & CTO of Spinny. They are also an angel investor in 4 startups and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
- Ganesh Pawar: Former Co-Founder of Spinny. They are also an angel investor in 1 startup.Contact Info: 1 email address and 1 phone number
- Mohit Gupta: Co-Founder of Spinny and founder of 1 other company. They serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
Spinny's Board of Directors
Spinny's board has 6 active members. Ashish Kumar, Ramanshu Mahaur, Mukul Arora, Mohit Gupta, Anand Daniel and Niraj Singh are part of team.Here is the list of Spinny's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 6m | |
Team | - | Current | 7y 6m | |
Team | - | Current | 6y 9m | |
Investor | Elevation Capital | Current | 5y 4m | |
Investor | Accel | Current | 5y 9m | |
Investor | - | Past | 5y 3m |
View details of Spinny's Founder profiles and Board Members
Spinny's employee count trend
Spinny has 5,736 employees as of May 25. The total employee count is 19.0% more than what it was in May 24. Here is Spinny's employee count trend over the years:
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Spinny's Competitors and alternates
Top competitors of Spinny include CarDekho, Droom and CarWale. Here is the list of Top 10 competitors of Spinny, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online retailer of inspected used vehicles with service and financing | $698M | 83/100 | ||
2nd | App based platform offering car buying, selling, and comparison services | - | 78/100 | ||
3rd | Online retailer of used and new automobiles, plus related services | $344M | 75/100 | ||
4th | Online listing platforms that facilitate the sale of second-hand cars | $5.85M | 72/100 | ||
5th | Online portal to find new and used car deals | - | - | 66/100 | |
6th | Online P2P marketplace for used cars | $26.9M | 64/100 | ||
7th |  CarTrade Tech 2006, Mumbai (India), Public | Online marketplace for used cars | $328M | 62/100 | |
8th | Operator of online marketplaces for buying and selling motor vehicles | - | - | 56/100 | |
9th |  Indus Motor 1984, Kochi (India), Unfunded | Provider of dealership services for buying & selling of used cars | - | - | 51/100 |
10th |  Mahindra First Choice 2007, Mumbai (India), Series C | Retailer of certified, pre-owned vehicles, providing inspection, warranty, and finance options | $72.3M | 51/100 |
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Spinny's Latest cap tables and shareholding
Founders own 12.36%, Funds (largest shareholder) own 80.26%, Enterprises own 2.07% and Angels own 0.52%. The net worth of Spinny's founders is INR 1,440Cr as of Feb 27, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 12.36% | 1,440Cr | 3936306 | 1437837 | 5702054 | 5777970 |
8177796 | 2495863 | 1876370 | 1409661 | 8568050 | 7905536 | |
92 | 89 | 76 | 60 | 42 | 11 | |
76 | 81 | 94 | 27 | 61 | 10 | |
Fund | 80.26% | 9,330Cr | 8104774 | 7807971 | 4145332 | 2246212 |
5430638 | 7514268 | 7901506 | 6896582 | 6078030 | 4506456 | |
1969776 | 6671805 | 9727013 | 5251784 | 7889465 | 2423796 | |
4785333 | 7099373 | 7323487 | 3044017 | 3642069 | 7174405 | |
25619 | 58044 | 68293 | 59422 | 49068 | 22580 | |
5114 | 6345 | 3880 | 1282 | 7656 | 7260 | |
4863 | 4239 | 3047 | 8798 | 1574 | 8988 | |
2314 | 4889 | 1380 | 8369 | 8904 | 2574 | |
69 | 85 | 70 | 37 | 53 | 48 | |
10 | 16 | 82 | 95 | 62 | 35 | |
86 | 71 | 13 | 35 | 98 | 46 | |
4 | 7 | 8 | 7 | 4 | 6 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 2.07% | 241Cr | 67 | 35 | 15 | 20 |
Angel | 0.52% | 60Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.05% | 5.53Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 4.74% | 551Cr | 2716 | 2933 | 2435 | 2004 |
Total | 100.00% | 11,600Cr | 8228084 | 7451735 | 1212120 | 9211816 |
To unlock detailed Cap Table of Spinny Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Spinny's Shareholding
Spinny's Investments and acquisitions
Spinny has acquired 3 companies including Autocar India, Truebil and Hopcar. Spinny has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 15, 2025 | Acquisition | 1999 | Mumbai (India) | |
Aug 06, 2020 | Acquisition | 2015 | Mumbai (India) | |
Jun 13, 2016 | Acquisition | 2015 | Gurugram (India) |
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Reports related to Spinny
Here is the latest report on Spinny's sector:
News related to Spinny
Filter this listMedia has covered Spinny for a total of 30 events in the last 1 year, 9 of them have been about company updates and 5 about partnerships.
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Spinny Partners with FADA at the 5th Finance & Insurance Summit 2026Thrust Zone•Jul 13, 2026•Spinny, FADA
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Used-car platform Spinny begins work on IPO, eyes up to $300 million raiseLivemint•Jun 12, 2026•Spinny
•
•
Spinny Launches Seller Protection Policy to Safeguard Used Car SellersThrust Zone•May 02, 2026•Spinny
•
•
Spinny Day Out: Road Safety Learning in Gurugram with Tesla PartnershipBusinessnewsthisweek•Apr 23, 2026•Spinny, Tesla
•
Nissan Motor India Launches Vehicle Exchange Program With SpinnyThrust Zone•Mar 23, 2026•Spinny, Nissan
•
From Spinny To Statiq - Indian Startups Raised $285 Mn This Weekhtsyndication.com•Feb 22, 2026•Spinny
•
Spinny Ranked #1 in India’s Fastest-Growing Companies 2026 by TIME and StatistaMedia Bulletins•Feb 20, 2026•Spinny
•
Tesla Introduces Switch & Save Program With Spinny In IndiaThrust Zone•Feb 04, 2026•Spinny, Tesla, Fidelity Investments, Accel
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