Tiger Global leads $104m funding in Indian used car retailer Spinny

Cars on Howrah Bridge. Photo: Rohit Arora/unsplash

New York-based investment firm Tiger Global has led a $104-million (Rs 771 crore) Series D funding round in Gurugram-based used car retailer Spinny.

The board of Spinny has passed the resolution to allot 83,754 Series D preference shares and 20 equity shares at an issue price of Rs 92,122.93 per share to raise the aforesaid amount, according to the company’s latest filings sourced by paper.vc.

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