Valuedrive Technologies, which owns and operates used car retailing platform Spinny, has raised $13.2 million in a Series A round of funding, led by venture capital firms SAIF Partners and Accel Partners. The round also saw participation from existing investors such as Blume Ventures and Simile Ventures, while venture debt firm Alteria Capital provided debt. The funds raised will be used for strengthening the team across functions, improving inventory assortment and expanding Spinny’s coverage to newer locations.
Used car retailing platform Spinny raises $13.2m led by SAIF Partners, Accel
Date posted: Wednesday 22 May 2019