Overview

• Spinny secured an additional $30 million from WestBridge Capital to complete its Series F round at $170 million.
• The company’s valuation has remained flat in the $1.5–1.7 billion range despite the fresh capital infusion.
• Spinny Capital, the firm’s non-banking financial arm, is now operational and set to receive a major portion of the proceeds to expand lending services.
• The acquisition of Autocar India aims to enhance Spinny’s content and media capabilities for used-car buyers and sellers.
• Experts forecast single-digit growth for India’s second-hand car market, reflecting a broader industry slowdown.