Spinny Raises $30M from WestBridge Capital in Extended Series F Round

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Used car marketplace Spinny has secured $30 million in primary capital from investment firm WestBridge Capital, as part of an extension to its ongoing Series F funding round, according to a source familiar with the matter.

The new tranche brings the total raised in the Series F round to approximately $170 million. Earlier this year, the Gurugram-based startup had raised $131 million from marquee investors including Accel (US), Nandan Nilekani’s Fundamentum, Tiger Global, and Elevation Capital.

The funding was secured at a “flattish valuation”…



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Spinny Raises $30M from WestBridge Capital in Extended Series F Round


Used car marketplace Spinny has secured $30 million in primary capital from investment firm WestBridge Capital, as part of an extension to its ongoing Series F funding round, according to a source familiar with the matter.

The new tranche brings the total raised in the Series F round to approximately $170 million. Earlier this year, the Gurugram-based startup had raised $131 million from marquee investors including Accel (US), Nandan Nilekani’s Fundamentum, Tiger Global, and Elevation Capital.

The funding was secured at a “flattish valuation”…



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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