Partnership
Nissan and Spinny launch 55-minute car exchange
By Startup Enthusiast ·
- Date
- Company
- Spinny
- What it does
- Nissan partnership
- Kind
- Partnership
- Based in
- Gurugram
- Founded
- 2015
What they do
Nissan Motor India and Spinny launched an exchange scheme promising to value and take an old car within 55 minutes
What happened
It runs at Nissan dealers in 30 cities and on Spinny’s app, across all current Nissan models
Why it matters
Spinny staff do the checks at the dealership, and buyers do not need to transfer the car’s RC papers first
The details
- Nissan and Spinny launched an exchange programme.
- Promise: done in 55 minutes.
- Available in 30 cities.
- Works at dealers and on Spinny’s app.
- No RC transfer needed upfront.
The bigger picture
- Fast trade-ins help new-car sales.
- It gives Spinny a supply of used cars from dealers.
- It follows the Tesla tie-up weeks earlier.
About the business
- 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.
Founders
- Niraj Singh, Founder and CEO
- Mohit Gupta, Co-founder
- Ramanshu Mahaur, Co-founder and CTO
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.
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