Connect with us

Latest

Automobile resale start-up, Spinny enters the premium car market

Published

on

Spinny, a full-stack used automobile resale start-up, has launched the “Spinny Max” for the premium sector. Spinny Max will offer customers a range of pre-owned premium cars such as Mercedes, BMW and Audi, among others.

The firm plans to operate across India, with delivery services in 250 cities and a fleet of over 500 cars, with the goal of carving out a position in the luxury car industry. According to the company, the detail-oriented new “Spinny Max” section will be added to the already existing Spinny app. The entire process is meant to be an online-first experience, with all relevant information and a 360-degree view of each luxury used automobile offered on spinny.com and the Spinny App.

“Spinny was founded on the principle that everyone deserves a quality car. Spinny Max aims to create a niche in the market for luxury automobiles, making accessible luxury a reality. Each car is thoroughly vetted, and test drives and ownership are designed with the highest levels of quality and support,” said Niraj Singh, Founder-CEO, Spinny.

Every month, Indians sell hundreds of thousands of secondhand automobiles. However, purchasing them through offline and traditional channels might be a time-consuming and risky procedure. According to the company, trust issue is one of the major problems individuals have when they buy a used automobile.

Spinny is tackling this by eliminating the middlemen from the process, making used car purchases more reasonable and dependable for customers. The firm acquires automobiles from their owners, inspects them thoroughly and transparently, and then makes them accessible for purchase by customers. According to the startup’s website, if a customer is dissatisfied with the automobile they purchased from Spinny, they will receive a complete refund.

According to reports, Spinny has received more than $280 million in its Series E funding round in November last year. The start-up is valued at approximately $1.75 billion after the funding round, which was led by Tiger Global and Abu Dhabi Growth Fund.

During the pandemic, a lot of customers who used OLA and UBER-like services wanted to buy personal vehicles for safer travel. This has led to a boost in the resale market and has facilitated the growth of platforms like Spinny.

Read more brand NewsStories, and market analysis on various industries from automobiles to fashion at Brandz Watch | Follow us on Twitter & Youtube

Zomato Faces Backlash Over New Pure Veg Fleet: Embraces 'Red Reality'
Analysis2 days ago

Zomato Faces Backlash Over New Pure Veg Fleet: Embraces ‘Red Reality’

Apple Google AI Deal: 21st Century Tech Collab to Integrate Gemini-Like Features in iOS
Analysis2 days ago

Apple Google AI Deal: 21st Century Tech Collab to Integrate Gemini-Like Features in iOS
With this deal, Google will be able to tap into Apple’s 1.4 billion active user base worldwide and expand the reach of its AI, Gemini, to a new stratum of users.

The 'Paramount' Sale of Viacom18's 13.01% Stake to Reliance Establishes Mukesh Ambani as Asia's Media Mogul
Analysis2 weeks ago

The ‘Paramount’ Sale of Viacom18’s 13.01% Stake to Reliance Establishes Mukesh Ambani as Asia’s Media Mogul
Paramount Global has been aiming to improve its balance sheet after ending last financial year with a long-standing debt of $15 billion.

Adani-Qualcomm Meeting Sends Sparks Across the Indian Tech Ecosystem
Latest2 weeks ago

Adani-Qualcomm Meeting Sends Sparks Across the Indian Tech Ecosystem

91Club offers a unique blend of entertainment and monetary rewards, making it a preferred choice for 2 million players.
Latest3 weeks ago

91Club: The Gaming Platform To Earn Real Money
Play and Win: 91Club, Where Gaming Means Real Money

Daman Game is a platform offering many games designed to entertain players of all ages It offers you a chance to win money by playing games.
Latest3 weeks ago

Daman Game: Where Fun Meets Real Rewards
Game On with Daman: Where Entertainment Pays Off!

TATA's Tech Revolution: Venturing into Chipmaking
Analysis4 weeks ago

TATA’s Tech Revolution: Venturing into Chipmaking
TATA Prepares to Venture into Chipmaking Business: Becoming the Herald of Change and Development in the Indian Tech Ecosystem

BharatGPT’s Hanooman: Desi Artificial Intelligence Ready For March Public Launch
Latest4 weeks ago

BharatGPT’s Hanooman: Desi Artificial Intelligence Ready For March Public Launch
The Indian tech scene is about to witness a dramatic makeover as BharaGPT prepares the public launch of the ‘Made In India’ AI, Hanooman.

OpenAI Launches SORA, its Text-to-Video Generator Model
Latest1 month ago

OpenAI Launches SORA, its Text-to-Video Generator Model

Gully Labs Story
Latest2 months ago

How a Homegrown Indian Sneaker Brand, Gully Labs is Embracing Indianism
Gully Labs: Redefining the sneaker culture in India

Topics

Editor's Pick

0
Would love your thoughts, please comment.x
()
x