<ul data-eligibleForWebStory="true"><li>Spinny, a used-car marketplace unicorn, raises $30 Mn from WestBridge Capital in Series F funding round, totaling $170 Mn.</li><li>The fundraise includes a mix of primary and secondary deals.</li><li>Earlier in April, Spinny raised $131 Mn led by Accel Leaders Fund and Fundamentum.</li><li>Spinny's post-money valuation was around $1.7 - 1.8 Bn.</li><li>The latest valuation remains flat compared to its previous $1.8 Bn valuation in December 2021.</li><li>Funds from the recent round will be used to expand Spinny's non-banking financial arm.</li><li>Spinny was founded in 2015 and operates in 22 Indian cities with over 36 car hubs.</li><li>The startup has raised over $664.20 Mn till date, with investors like Tiger Global and Accel Partners.</li><li>Spinny's competitors include Cars24, CarTrade, and Droom in the used-car marketplace.</li><li>Spinny reduced net losses by 28% to INR 590 Cr in FY24, with a revenue increase to INR 3,725 Cr.</li><li>Cars24 acquired automotive forum Team-BHP, while Droom plans an IPO targeting a valuation of $1.2 - 1.5 Bn.</li><li>CarTrade's PAT rose by 85% to INR 46.1 Cr in Q4 FY25.</li></ul>

WestBridge Joins Spinny’s Captable With $30 Mn Funding

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