India, June 12 -- Used-car marketplace unicorn Spinny has raised an additional $30 Mn (around INR 256 Cr) from new investor WestBridge Capital in its Series F funding round.

With this fundraise, the startup has closed its Series F at $170 Mn in a mix of primary, secondary deals.

Entrackr reported the development first.

In its first tranche, Spinny raised $131 Mn led by US-based Accel Leaders Fund with participation from Nandan Nilekani's Fundamentum in April. Back then, the startup's post money valuation stood between $1.7 -1.8 Bn.

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 funding round led by Abu Dhabi-based ADQ, Tiger Glob...