# Niraj Singh

> Niraj Singh is the Gurgaon-based founder and CEO of Spinny, an Indian pre-owned car retailer he co-founded in 2015 with Ramanshu Mahaur and Mohit Gupta. An IIT Delhi electrical engineering graduate and former founder of Locus Education and TechMonkey, he shifted Spinny towards owning inventory to control quality and accountability, funding the pivot by mortgaging his house. He also founded Outbox Ventures and invested in early-stage companies.

- **Role:** Founder & CEO at Spinny
- **Organizations:** Spinny, Valuedrive Technologies, Outbox Ventures, Locus Education, TechMonkey
- **Nationality:** Indian
- **Education:** Architecture studies; transferred before completion, Indian Institute of Technology Roorkee, BTech, Electrical Engineering, Indian Institute of Technology Delhi
- **Known for:** Co-founded Spinny and led its transition to an inventory-owning used-car retail model., Led Spinny through its 2021 $283 million financing and unicorn valuation., Founded Outbox Ventures and invested in startups including Tripoto, Shaadisaga and JustRide.

## Career timeline

- **2002** — Entered architecture studies at IIT Roorkee.
- **2003** — Retook JEE and moved to IIT Delhi for electrical engineering.
- **2007** — Graduated from IIT Delhi; began his entrepreneurial career with Locus Education.
- **2011** — Locus Education closed; began TechMonkey.
- **2014** — Founded Outbox Ventures; TechMonkey closed later that year.
- **2015** — Co-founded Spinny with Ramanshu Mahaur and Mohit Gupta.
- **Date not established** — Tested an inventory-owning model using ten parking slots; pivoted and mortgaged his house to fund the transition after losing an investment term sheet.
- **2021** — Spinny raised $283 million at an approximately $1.8 billion valuation.
- **2026** — Spinny closed reported $160-170 million financing in February; Valuedrive confidentially filed draft IPO papers in September.

## Achievements

- Co-founded Spinny and led its transition to an inventory-owning used-car retail model.
- Led Spinny through its 2021 $283 million financing and unicorn valuation.
- Founded Outbox Ventures and invested in startups including Tripoto, Shaadisaga and JustRide.

## Latest updates

- **2026-09** — Valuedrive Technologies, operator of Spinny, confidentially filed draft IPO papers with India’s market regulator; reported by Reuters on September 23.
- **2026-02** — Spinny closed reported $160-170 million financing led by Fidelity and Accel Leaders Fund, including $90 million primary capital.
- **2026-02** — CCI approved Fidelity Funds’ proposed approximately 6.63% acquisition in Valuedrive Technologies on February 12.
- **2026-02** — Appeared in Entrackr’s Not Just Business interview published February 23.

## Links

- Website: https://www.spinny.com/
- LinkedIn: https://www.linkedin.com/in/niraj-singh-67159715/
- Twitter/X: https://x.com/niraj001s

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Profile page: https://yespress.io/niraj-singh
Published by YesPress — https://yespress.io
Last updated: 2026-10-07