Argus Partners advises Spinny on raising $340 million across fundraises

Valuedrive Technologies Private Limited, dba Spinny, has raised approximately $340 million across its Series F and its Series G fundraises.

The Series F round was led by Accel Leaders Fund and WestBridge, with participation from Elevation Capital, Think Investments, and Tiger Global. The Series G round was led by Fidelity Management & Research Company LLC (FMR) and Accel Leaders Fund. Both fundraising rounds were structured as a combination of primary and secondary transactions.

Argus Partners advised Spinny on both the fundraises.

The transaction team was led by Anindya Ghosh (Partner) and Jaidrath Zaveri (Partner), with support from Aradhana Pandit (Associate).

Adity Chaudhury (Partner) advised on antitrust aspects in relation to the fundraises.

Siddharth Malakar (Principal Associate), Associates Shubham Tiwary and Nivrithi Kumar also assisted on select aspects of the broader mandate.

Argus Partners has also advised Spinny on its acquisition of Haymarket SAC and the acquisition of GoMechanic, as well as on various business structuring and regulatory matters, reflecting a longstanding and multifaceted relationship with the company.

Spinny is a leading full-stack used car platform and was recently ranked #1 in India’s Fastest-Growing Companies 2026 by TIME and Statista. The company has continued to expand its platform, including through the establishment of its non-banking financial arm, Spinny Capital Private Limited, and investments in media space by way of acquisition of Haymarket SAC and its flagship automotive titles ‘Autocar India’, ‘Autocar Professional’, and ‘What Car’. The Company also acquired GoMechanic and entered the after-sales maintenance space.

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