🚀 Fueling India's Used Car Revolution: Spinny Raises $170M (~₹1,400Cr) @myspinny (Fund II) has raised $170M in a round led by @Fidelity and Accel Leaders Fund. The round includes $90M of primary capital into the company, alongside $80M in secondary transactions where early investors including us and @FundamentumVC achieved liquidity by offering partial stake sales to incoming investors Fidelity and @WestBridge_Cap. Founded by @niraj001s (Niraj), @ramanshumahaur (Ramanshu), and Mohit Gupta, Spinny is India's leading full-stack online used car platform. They acquire, refurbish, certify, and sell high-quality vehicles at a fixed price with a 5-day money-back guarantee. The fresh capital will power Spinny's continued push toward profitability and market leadership. The company’s revenue in FY25 rose 25% to ₹4,657Cr while losses narrowed to ₹424Cr. This was primarily driven by tighter cost controls, improved sourcing efficiencies, and growing contribution from higher-margin add-ons like financing, insurance, and warranties. @arpiit (Arpit), Partner at Blume, says, "The genius of Niraj and team has been staying true to their original mission to provide a 100x better car buying experience, reinventing every single thing about the business from first principles. We continue to remain invested and look forward to the journey to public markets and beyond.” As used car volumes outpace new car sales in India, Spinny is building the trust infrastructure the market needs, making pre-owned car buying transparent, convenient, and reliable for millions of Indian consumers. 📰 Read the full press release here: shorturl.at/q7guO @BKartRed @AshishFafadia @sajithpai @sanjaynath @arpiit @riashroff @saritaraichu @mehtaalok @mitul_am @SeekingN0rth @DeepikaDakuda @gauthamsiv @ray_elton99 @vikramg05