Draft:Spinny
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Submission declined on 8 September 2026 by Josedimaria (talk). This draft appears to be a dictionary definition. Wikipedia is not a dictionary and we do not accept articles that are simply definitions of words, acronyms, or slang.
Declined by Josedimaria 45 days ago.
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This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by Sulfurboy 3 months ago.
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Comment: Some sources are paid articles, while the remaining sources do not provide significant coverage of the company. Afstromen (talk) 09:26, 15 October 2026 (UTC)
| Spinny | |
|---|---|
| Industry | Used cars |
| Founded | 2015 |
| Headquarters | , India |
Area served | India |
| Services |
|
| Owner | Valuedrive Technologies Limited[1] |
| Website | spinny.com |
Spinny is an Indian multinational online used car marketplace headquartered in Gurgaon. The company was founded by Niraj Singh (Founder and CEO), along with co-founders Mohit Gupta and Ramanshu Mahaur in 2015.[2][3] [4] [5] [6][7][8][9][10][11][12]
History
[edit]Spinny was founded in 2015 by Niraj Singh, Ramanshu Mahaur, and Mohit Gupta with the objective of addressing persistent challenges in the Indian used car market, particularly those related to transparency, vehicle quality, and pricing inconsistencies.[13] [14] [15] Initially launched as a digital platform, the company later incorporated physical locations to allow prospective buyers to inspect and test vehicles prior to purchase.[16] [17]
The company raised multiple financing rounds through 2020 and 2021 as demand for personal mobility increased across India. In late 2021, Spinny closed a $283 million Series E funding round led by Abu Dhabi-based ADQ, Tiger Global, and Avenir Growth, alongside existing backers such as General Catalyst and Arena Holdings.[18][19] [20]
In December 2021, former Indian cricketer Sachin Tendulkar joined the company as a strategic investor and brand ambassador.[21] [22]
References
[edit]- ↑ "'SAIF, Accel Partners & others invest in used-car retailing platform Spinny'". The Economic Times. 22 May 2019.
- ↑ "How trust became the real engine of India's used-car boom: Spinny". The Financial Express. 31 January 2026.
- ↑ Hu, Charlotte (17 February 2026). "India's Fastest-Growing Companies of 2026". Time.
- ↑ Singha, Anand (4 June 2026). "India's first choice for cars is going second-hand". The Economic Times.
- ↑ "Spinny acquires AI-powered car connectivity solutions startup Scouto". The Times of India. 10 February 2022.
- ↑ "Sachin Tendulkar joins Spinny as strategic investor, lead brand endorser". The Times of India. 14 December 2021.
- ↑ "'Used-car market continues to witness a steady rise'". The Times of India. 19 February 2023.
- ↑ "'Spinny looks to turn profitable by 2024'". The Financial Express. 30 January 2023.
- ↑ "'Spinny eyes over Rs 350 crore monthly sales revenue'". Deccan Chronicle. 9 March 2023.
- ↑ "'Rearview mirror, lost alignment and a leap of faith: How Spinny emerged as a dark horse'". Deccan Chronicle. 24 May 2023.
- ↑ "'Demand for pre-owned luxury cars rise'". The Hindu Businessline. 24 May 2023.
- ↑ "'Auto Zone: Pre-owned car market sees strong growth'". The Tribune. 2 September 2023.
- ↑ "'Spinny: Redefining the Pre-Owned Car Market in India'". The Hindu. 10 December 2025.
- ↑ "'Niraj Singh: The patron saint of used cars'". India Today. 3 January 2022.
- ↑ "'Spinny offers price reductions ahead of GST reductions to maintain fair value for buyers, sellers of used cars'". Fortune India. 18 September 2025.
- ↑ "'Rearview mirror, lost alignment and a leap of faith: How Spinny emerged as a dar...'". Forbes India. 24 May 2023.
- ↑ "'Spinny expands to Rohtak, plans 10+ procurement centres in Tier II, III cities'". The Economic Times. 29 July 2026.
- ↑ "'Tiger Global-backed used-car sales platform Spinny files confidentially for Rs 3,000-crore IPO'". The Economic Times.
- ↑ "'Spinny inaugurates its second used car park with over 500 vehicles in Pune'". Hindustan Times. 7 March 2023.
- ↑ "'Used-car platform Spinny raises $283 million'". The Hindu. 7 December 2021.
- ↑ "'Sachin Tendulkar invests in used car platform Spinny'". The Economic Times. 14 December 2021.
- ↑ "'Spinny files confidential IPO papers, eyes ₹2,500-3,000 crore issue'". Fortune India. 22 September 2026.
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