Funding
Spinny closes $131 million funding round from existing investors led by Accel Leaders Fund
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Gurugram-based used-car sales platform Spinny has closed a $131 million (Rs 1,120 crore) funding round led by US-based Accel Leaders Fund at a flat valuation, people in the know said.
The funding involves primary transactions of $107 million with the proceeds going to the company against issue of fresh shares, while the rest is secondary deals where some existing investors are selling a stake.
It received the first tranche of the primary component from Accel and Nandan Nilekani’s Fundamentum, said a person in the know. The second tranche is expected…
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