Exclusive: WestBridge to join Spinny’s ongoing round with $35-40 Mn

In a significant move in the used-car market, private equity firm WestBridge Capital is set to invest approximately $35 to $40 million in the online car retailing platform, Spinny. This investment will be part of Spinny's ongoing funding round. WestBridge's participation is a strong vote of confidence in Spinny's full-stack business model, which controls the entire process from procurement and inspection to the final sale of the vehicle. This fresh infusion of capital will help Spinny further expand its physical presence across more cities, enhance its technological infrastructure, and scale up its inventory. The investment comes at a time when the organized used-car market in India is experiencing rapid growth, driven by a shift in consumer preference towards reliable, pre-owned vehicles. This funding will strengthen Spinny's position to compete with other major players in this competitive sector.