Spinny Acquires GoMechanic with $160M Funding Round

Spinny, an Indian online marketplace for used cars, is raising $160 million in Series G funding, valuing the company at $1.8 billion post-money. The funding will be used to acquire car services startup GoMechanic, which will deepen Spinny's control across the used-car value chain. The round includes a mix of primary and secondary transactions, with existing investors Accel and WestBridge Capital participating.