India: Spinny raises $43.7m led by The Fundamentum Partnership

Photo: Reuters

Used car retailing platform Spinny has raised $43.7 million (Rs 315 crore) in a Series B funding round led by The Fundamentum Partnership, the growth-capital fund backed by Nandan Nilekani and Sanjeev Aggarwal.

The financing 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, the startup said in a statement.

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