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Announced

Completed

Tiger Global and ADQ led a $283m Series E round in Spinny.

Financials

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Transaction Value£211m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Friendly

Private

Completed

Minority

Cross Border

Venture Capital

Single Bidder

Private Equity

Specialty Retailers

car retailer

India

Synopsis

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Tiger Global and ADQ led a $283m Series E round in Spinny, a full-stack used car retailing platform, with participation from Avenir and Arena. Spinny is expected to use the capital to invest in developing tech and product capabilities, for branding and to expand geographical reach.

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