Analysis · Commerce & Consumer Brands
Spinny discusses used-car value at auto conclave
By Startup Enthusiast ·
- Date
- Company
- Spinny
- What it does
- Used car buying and selling platform
- Kind
- Analysis
- Founded
- 2015
What they do
Spinny buys and sells about 15,000 cars per month
What happened
Senior VP Gurveen Bedi spoke at FADA conclave on improving seller value
Why it matters
Company works with Tata Motors, Nissan, Kia, Tesla on vehicle exchange
The details
- Spinny and FADA held a joint discussion at the 8th Auto Retail Conclave in New Delhi.
- The theme was 'Bharat in the Driver’s Seat – Inclusive Mobility, Inspired Growth'.
- The conclave brought together automakers, dealers, and mobility businesses.
- Topics included vehicle exchange, dealership economics, and technology in the used-car market.
- Spinny senior vice president Gurveen Bedi spoke at the conclave.
- Bedi said the company wants consumers selling used cars to receive better value.
The bigger picture
- The event highlighted the growing role of organised players in India's used-car market.
- Spinny's exclusive partnership model claims to unlock up to 3% additional value for dealerships.
- The conclave also covered electric mobility challenges like charging access and state-level consistency.
About the business
- Spinny buys and sells about 15,000 cars per month.
- It operates across vehicle buying, refurbishment, retail, auctions, and servicing.
- Spinny offers a 200-point inspection, warranty, 5-day money-back guarantee, and fixed price assurance.
- It has 20,000+ fully inspected cars online for customers to browse.
- Customers can take a test drive at home or at a Spinny Hub.
- Spinny works with Tata Motors, Nissan, Kia, and Tesla on vehicle exchange.
- It offers used-car finance with interest rates starting from 12.99%.
- Additional services include FASTag recharge, challan check, and buyback option.
Founders
- Niraj Singh, Founder
- Mohit Gupta, Founder
About Spinny
- Product
- A platform that helps consumers buy, sell, and exchange used cars.
- Customers
- Individual car buyers and sellers, plus dealers and OEM partners.
- How it makes money
- It earns from car sale margins, exchange activity, and related services such as financing and warranties.
- What sets it apart
- Certified inspection and a managed, end-to-end transaction experience.
- Operations
- Operates an inventory-backed and platform-assisted used-car retail network.
More on Spinny
- Spinny files confidential IPO papers, eyes ₹2,500-3,000 crore issue23 September 2026 · IPO · ₹2,500-3,000 crore
- Spinny reports FY26 revenue of ₹6,000 crore9 September 2026 · Results
- Spinny estimated to cross ₹6,000 crore in revenue for FY266 September 2026 · Milestone
- Spinny expands dealership exchange and features footballer Ryan Williams1 September 2026 · Launch
- Spinny converts to public company, plans IPO in 20273 August 2026 · IPO · ₹43 crore
- Spinny plans IPO by Q1 202728 April 2026 · IPO
- Nissan and Spinny launch 55-minute car exchange20 March 2026 · Partnership
- Spinny completes 100% takeover of GoMechanic9 March 2026 · Acquisition
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