Used car marketplace Spinny has raised Rs 1,849.45 crore ($248 million approximately) from returning and new investors as part of its Series E round, according to filings made with the Registrar of Companies. The Gurugram-based startup, now valued at $1.7 billion, has now become the 39th unicorn.
The round was co-led by Abu Dhabi Growth Fund and returning investor, Tiger Global, which invested nearly Rs 740 crore each in the round. Other investors in the round include Avenir Growth and Arena Holdings, which invested Rs 185 crore each.
The used car marketplace in India now has Cars24, CarDekho and IPO-bound Droom Pte. Ltd in the unicorn club apart from Spinny in the private market. Another unicorn in the space, Cartrade, listed in the public markets in August.
