Spinny Company Background
Spinny is a newly started business of Valuedrive Drive Technologies Private Limited. Spinny was founded in 2015 by Niraj Singh, Mohit Gupta, Ramanshu Mahaur, and Ganesh Pawar. The headquarter of the company is based in Gurugram. The main service provided by Spinny is to provide Indian people with a safe platform where they will be able to sell their cars at a proper market price as well as people can buy secondhand cars at an affordable price. And by the mean of secondhand cars is not some rusty, broken and old-fashioned cars. Spinny provides cars from renowned brands with quality such as Ford, Hyundai, Honda, and Volkswagen among many others.
Spinny Car Hub
It has just been a few years that Spinny has started its business in the Indian market and by now, 2021, Spinny has successfully raised $65 million to expand its online platform for selling used cars. It has been analyzed that in India, an uncountable number of used cars are sold every month. And the main aim of this Gurgaon-based start-up is to enhance this experience for the Indian people. The main strategic partners of Spinny for investment and fundraising are Fundamentum Partnership, Think Investments, Feroz Dewan’s Arena Holdings, and Silicon Valley-headquartered venture firm General Catalyst. The co-founder of the company, Niraj Singh stated that during the pandemic, individuals were quite cautious regarding hiring Ola and Uber which led them toward the experience of purchasing secondhanded cars, and that upsurged the growth of the business. Additionally, it has also decreased the customer acquisition cost (CAC) for Spinny.
Spinny Used Car
Currently Spinny provides its services within limited places in India such as Delhi NCR, Bangalore, Hyderabad, Mumbai, Pune, Delhi, Gurgaon, Noida, Ahmedabad, Chennai, Kolkata, Lucknow, Jaipur, Chandigarh, Coimbatore, Indore, and Kochi. Purchasing a used car from Spinny is quite easy as well as the company provides a guarantee for the quality check. Not only individuals will be able to easily purchase used cars from Spinny but also will be able to get convenient EMI options. Spinny Finance first checks the eligibility for the loan and then approves it. The finance partners of Spinny are IDFC FIRST Bank, Kotak Mahindra, ICICI Bank, HDFC Bank, AXIS Bank, Hero FinCrop, Tata Capital, AU Small Finance Bank, Piramal, and TVS Credit.
Spinny customers are highly satisfied and the number of positive responses is increasing rapidly. One of the main issues is trust when it comes to purchasing used cars. Most of the time individuals face problems associated with car papers and quality. But with Spinny, customers don’t have to worry about these matters as Spinny provides complete safety and security in their used cars along with high-quality. Customer reviews of Spinny have shown that the company provides used cars which are perfect just like a new car. Not only once, but many consumers are also quite happy with the service provided by Spinny and purchasing used cars several times. Overall, Spinny is a perfect place to trust to purchase secondhanded cars.