Car retailing platform, Spinny, has raised $283 million from ADQ of Abu Dhabi and Tiger Global. The assigned indicative valuation for Spinny in this round is $1.8 billion. Spinny is into the online car retailing business and hence the poor CarTrade listing is likely to be an overhang for the future valuation of Spinny.
Car retailing platform, Spinny, has raised $283 million from ADQ of Abu Dhabi and Tiger Global. The assigned indicative valuation for Spinny in this round is $1.8 billion. Spinny is into the online car retailing business and hence the poor CarTrade listing is likely to be an overhang for the future valuation of Spinny.