Car Renting Platform Spinny Raises USD 43.7 mn Funding
Online used car retailing platform Spinny raiseS USD 43.7 million funding led by Fundamentum Partnership (FP), a growth-capital fund backed by Nandan Nilekani and Sanjeev Aggarwal.
The series-B round also saw participation from new investors, US-based General Catalyst Partners, Korea-based KB Financial Group and existing investors Accel, SAIF Partners and Alteria Capital as co-investors, a statement said.
Ashish Kumar, Partner, FP will join the Spinny board, it added.
The funds will be used to invest in technology, strengthen business teams, enhance customer experience and, expand to newer cities, it added.
Spinny had raised its seed round from Blume Ventures and Simile Ventures, and most recently it had closed its Series A round of USD 13.2 million co-led by SAIF Partners and ...