India, April 1 -- Tiger Global-backed used-car marketplace unicorn Spinny has reportedly raised $131 Mn (about INR 1,121 Cr) in a round led by US-based Accel Leaders Fund.

The round, which was a combination of primary and secondary transactions, also saw participation from Nandan Nilekani's Fundamentum. The car-reselling startup was valued between $1.7 Bn to $1.8 Bn on a post-money basis, the Economic Times reported.

This is a flat valuation compared to its previous $1.8 Bn valuation in December 2021, when the startup joined the unicorn club after raising $283 Mn in a round led by Abu Dhabi-based ADQ, Tiger Global and Avenir Growth.

While $107 Mn was primary investment in the latest funding round, the remaining was for secondary shares...