Acquisition

Spinny completes 100% takeover of GoMechanic

By Startup Enthusiast · 9 March 2026

What they do

Spinny’s parent bought all shares of Service Easy Technology, the company that runs car-servicing brand GoMechanic

Sellers included its founders and investor groups Stride Ventures Debt Fund II, Lifelong India and Hero Enterprise Partner Ventures

Argus Partners advised Spinny, and Khaitan & Co advised GoMechanic and its selling shareholders

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.