Spinny Raises $131 Mn To Expand NBFC Arm: Report

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SUMMARY

Led by Accel Leaders Fund, the round also saw participation from Nandan Nilekani’s Fundamentum

Spinny raised the money through a combination of primary and secondary deal on a flat valuation of $1.8 Bn

The used-car marketplace unicorn posted a net loss of INR 590 Cr in FY24 on operating revenue of INR 3,725 Cr

Tiger Global-backed used-car marketplace unicorn Spinny has reportedly raised $131 Mn (about INR 1,121 Cr) in a round led by US-based Accel Leaders Fund. 

The round, which was a combination of primary and…



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Spinny Raises $131 Mn To Expand NBFC Arm: Report


SUMMARY

Led by Accel Leaders Fund, the round also saw participation from Nandan Nilekani’s Fundamentum

Spinny raised the money through a combination of primary and secondary deal on a flat valuation of $1.8 Bn

The used-car marketplace unicorn posted a net loss of INR 590 Cr in FY24 on operating revenue of INR 3,725 Cr

Tiger Global-backed used-car marketplace unicorn Spinny has reportedly raised $131 Mn (about INR 1,121 Cr) in a round led by US-based Accel Leaders Fund. 

The round, which was a combination of primary and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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