Spinny Raises $131 Million Led by Accel Leaders Fund, First Major Funding Round in India in Over Three Years, Achieves $1.8 Billion Valuation

Gurugram-based used car marketplace Spinny has successfully closed a $131 million funding round led by the US-based Accel Leaders Fund. This funding round, which includes a mix of primary and secondary transactions, is notable as it marks the first major investment in a used-car sales startup in India in over three years. The funding has helped Spinny achieve a valuation of $1.8 billion. Existing investors, including Accel and Fundamentum, also participated in the round, which underscores the growing interest in the used car market in India.