BENGALURU : Used car retailing startup Spinny on Monday said it has raised $108 million in primary and secondary fund infusion, as part of its series D round led by New York-based Tiger Global Management. As a part of the fundraise, Tiger Global and Avenir Capital have invested $75 million and $20 million respectively, with the rest being raised by existing investors. Last month, Tiger Global also led a $42 million round in car workshop and auto spare parts startup, GoMechanic. In the past, Spinny’s investors Tiger Global and General Catalyst have made investments in similar models globally. Tiger Global has a significant investment in US-based Carvana which operates with a similar model.

Source: Mint July 19, 2021 09:00 UTC