Acquisition

Spinny agrees to buy GoMechanic for about Rs 450 crore

By Startup Enthusiast · 11 November 2025

What they do

Spinny set out to buy car-servicing startup GoMechanic in a cash and stock deal worth around Rs 450 crore

It buys out the Hero, Lifelong and Stride Ventures group that took over GoMechanic after its 2023 governance crisis

The deal takes Spinny into car repairs and after-sales service, its fourth acquisition after Truebil, Scouto and the Autocar titles

Spinny buys, checks and resells used cars online and through its own car hubs.
Almost all revenue (about 98%) comes from selling cars; the rest from commissions, services and ads.
It also runs car loans, the GoMechanic servicing business and the Autocar India titles.

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.