Used car platform Spinny has raised $131 million, led by US-based Accel Leaders Fund, according to sources.
A source requesting anonymity “Spinny is raising $110 million as primary funding, while the remaining $21 million will be secondary, which includes ESOP buybacks and exits for early backers, Accel Leaders has contributed $75 million, with the rest coming from Elevation, Tiger Global, Fundamentum, and other existing investors.”
Regulatory filings show that Accel Leaders Holdings invested nearly $49 million, while Fundamentum contributed $3 million. ET first reported this update. Sources estimate Spinny’s post-money valuation at around $1.5 billion.
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Based in Gurugram, Spinny controls the entire used car sales process, handling inspection, refurbishment, documentation, and financing. The platform sells about 7,000 cars monthly, with an average transaction value of ₹6 lakh, plus 5,000 more cars through its B2B auction platform.
About Spinny
Spinny aims to simplify used car buying with a full-stack model that ensures trust, transparency, and ease for customers.
