<ul><li>Spinny, a used-car marketplace unicorn, has raised $131 Mn in a funding round led by Accel Leaders Fund and participated by Nandan Nilekani's Fundamentum.</li><li>The round, which included primary and secondary transactions, valued the startup at $1.7 Bn to $1.8 Bn on a post-money basis.</li><li>Spinny plans to use the funds to expand its non-banking financial arm, diversify into lending and ancillary services, and improve its gross margins.</li><li>This funding round comes at a time when the demand for pre-owned cars in India is on the rise, and other used-car selling startups are also seeing increased investor interest.</li></ul>

Spinny Raises $131 Mn To Expand NBFC Arm: Report

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