by | Dec 23, 2025 | Automotive, Auto E-commerce
India-based used-car retailer Spinny has launched Spinny Circle, an app to help new-car dealers optimize the used-car exchange process.
Spinny Circle is aimed at improving transparency and efficiency in the used-car exchange process for new-car dealers, according to AutoCar Pro — a media company acquired by Spinny from U.K.-based Haymarket Media Group in March, alongside Autocar India and What Car?
Spinny added that the app provides a structured, end-to-end pathway for dealers to manage the exchange of used cars, covering inspection, valuation and payout. Faster price discovery and a predictable liquidation time frame are expected to improve dealers’ operational efficiency and working capital management, the company noted.
Exchange-based transactions are a sizeable part of new car sales in India, but the process is fragmented, according to Spinny, with delays in inspection and a lack of standardized pricing, leading to operational challenges for new-car dealers. Spinny Circle draws upon the company’s expertise in retailing more than 200,000 used vehicles annually.
Spinny recently raised $165 million in a funding round led by Accel. This gave the company a post-money valuation of $1.8 billion. Some of this may be earmarked for its rumoured acquisition of car-servicing startup GoMechanic.
Founded in 2015 by Niraj Singh, Mohit Gupta and Ramanshu Mahaur, Spinny was initially a c-to-c classifieds business but pivoted to transactions in 2017. It posted INR46.5 billion ($518 million) in operating revenue for the 12 months to March 2025.
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