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Spinny Plans $160 Million Raise to Acquire GoMechanic, Expand Used-Car Services
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Spinny Plans $160 Million Raise to Acquire GoMechanic, Expand Used-Car Services
India’s online used-car marketplace Spinny is set to raise approximately $160–165 million to acquire car service startup GoMechanic, according to various reports. The funding, part of a Series G round, is expected to value Spinny at $1.5–$1.8 billion post-money, keeping its valuation broadly flat compared to previous rounds. “This will be a fresh round, separate from the $160 million raised earlier this year including the $30 million top-up,” A…
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