Buying a car online is becoming normal and investors are betting big on it.

Spinny has raised $160M in a series G round led by Fidelity Investments and Accel leaders with participation from Tiger Global and Accel.

Founded in 2015 by Niraj Singh, Mohit Gupta and Ramanshu Mahaur the Gurugram-based startup is building a full-stack online platform for buying and selling used cars.

The funds are being used to expand its supply chain, improve technology, and scale operations across Indian cities.

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• Operates in 20+ cities across India
• Focus on quality-checked used cars with a 5-day return policy

Why this matters:

India’s used-car market is nearly 2× the size of the new-car market, creating massive opportunities for digital platforms.

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Would you feel comfortable buying a car completely online without visiting a showroom?