India: Used car retailing startup Spinny snags $65m led by General Catalyst

India: Used car retailing startup Spinny snags $65m led by General Catalyst

Gurugram-based used car retailing platform Spinny on Thursday announced that it has raised $65 million in Series C funding led by Silicon Valley-based venture capital firm General Catalyst – an early backer of Airbnb, Stripe, Snapchat, Vroom, Cazoo, among others.

Other new investors in the round include Feroz Dewan’s Arena Holdings, and Think Investments. The round also saw participation of existing investors Elevation Capital, The Fundamentum Partnership, and others, Spinny said in a statement.

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