founded in 2015 the delhibased platform has 23 car hubs that operate in 15 cities in the countrynew delhi online preowned car retailing platform spinny on tuesday announced the closure of a usd 283 million seriese funding round from new and existing investors with this the company has raised more than usd 530 million and now its valuation is at about usd 18 billionaccording to a media release the latest round includes a primary capital infusion of usd 250 million and a secondary sale of about usd 33 million by select angels and a few seed stage investors the round was led by the abu dhabibased adq tiger global and avenir growth the round also had participation from the existing investors feroz dewan arena holdings and think investments advt niraj singh founder ceo spinny said we set afoot to build spinny with a customerfirst approach solving for lack of trust in car buying and selling experience with a highly personalized and detailoriented approach leveraging technology our focus is to further strengthen our quality and experience control capabilitiesfounded in 2015 the delhibased platform has 23 car hubs that operate in 15 cities in the countryalso readrajs 1st unicorn cardekho bets on used car malls to drive growthwith prospects expanding for cardekho in 2013 it raised funding for the first time at a valuation of 50 million today it has a commission revenue of rs 1000 crore in 2015 it acquired zigwheelscom and gaadicom paving its entry into the used car marketsee more details carzso ties up view360degrees to offer vrbased technology in auto industryafter building the countrys first virtual car showroom carzso is committed to improvising customer buying experience through vr technology with a futuristic vision the startup saidsee more detailshow cardekho is turning car trade into a fully techbacked activitythe car trading platform is concentrating on messagebased and eventbased architecture for data management as well as combining computer vision and machine learning to enhance car qualitysee more details etauto published on dec 7 2021 at 0208 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app spinny series e funding round preowned car retailing platform used cars auto demand car retailing platform homenewsaftermarketspinny closes usd 283 m series e funding round valued at usd 18 b