India's Spinny raises $283m from Tiger Global, others at $1.8b valuation
The additional funding takes the overall funds raised by Spinny to more than $530 million till date.
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The additional funding takes the overall funds raised by Spinny to more than $530 million till date.
The newly raised capital will be deployed towards further stepping up the customer experience, strengthening technology and product capabilities and building teams across functions.
Used car retailing platform Spinny on Tuesday announced the closure of a $283 million funding from new and existing investors, taking its valuation to $1.8 billion and becoming another unicorn in 2021.
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Spinny's valuation has jumped to $1.7 billion from about $750 million in the previous round.