# Spinny

> Spinny is an Indian used-car retailer that buys, inspects and refurbishes vehicles before selling them through its website, app and physical hubs. Its inventory-led model combines fixed prices, test drives, documentation support, financing and conditional returns and warranty coverage.

- **Founded:** 2015
- **Headquarters:** Gurugram, India
- **Founders:** Niraj Singh (Co-founder and CEO), Ramanshu Mahaur (Co-founder and CTO), Mohit Gupta (Co-founder), Ganesh Pawar (Co-founder)
- **Products:** Spinny Assured, Sell to Spinny, Spinny Capital and car financing, Spinny Buyback, Home and hub test drives
- **Notable:** Shifted to an inventory-led full-stack model in early 2017., Reached unicorn status after its 2021 Series E financing., Reported more than 200,000 cumulative deliveries by end-2024.

## Products & services

- **Spinny Assured** — Inspected and refurbished pre-owned cars with fixed prices, a conditional five-day return policy and tiered warranty coverage.
- **Sell to Spinny** — Online valuation and vehicle evaluation followed by purchase, payment and ownership-transfer support.
- **Spinny Capital and car financing** — Used-car financing with loan eligibility checks, an EMI calculator and finance partners; terms depend on borrower and vehicle.
- **Spinny Buyback** — Assured future resale or upgrade values for eligible cars at specified ownership periods, subject to terms.
- **Home and hub test drives** — Online booking for physical test drives and delivery where available.
- **Certified pre-owned MG EV programme** — MG partnership adds battery-health assessment and certification, OEM warranty continuity and fixed pricing for supported EV models.

## Achievements

- Shifted to an inventory-led full-stack model in early 2017.
- Reached unicorn status after its 2021 Series E financing.
- Reported more than 200,000 cumulative deliveries by end-2024.
- FY25 operating revenue increased 25% while reported losses narrowed 28%.
- Confidentially filed draft IPO papers with SEBI in September 2026.

## Latest updates

- **2026-02** — Reported US$160-170 million financing combined about US$90 million in fresh capital with secondary share sales.
- **2026-08** — Nissan, Tesla and JSW MG Motor India partnerships covered exchanges and pre-owned EV services; company-reported network included over 80 cities.
- **2026-09** — Valuedrive Technologies confidentially filed draft IPO papers with SEBI. Reported offer targets and a possible 2027 listing remain provisional.

## Links

- Website: https://www.spinny.com/
- LinkedIn: https://www.linkedin.com/company/spinny/
- Twitter/X: https://twitter.com/myspinny
- YouTube: https://www.youtube.com/@myspinny
- Instagram: https://www.instagram.com/myspinny/
- Facebook: https://www.facebook.com/mySpinny.Cars

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Profile page: https://yespress.io/spinny
Published by YesPress — https://yespress.io
Last updated: 2026-10-11