India, Feb. 14 -- Used car marketplace Spinny has reportedly closed a fresh funding round of $170 Mn (around Rs.1,400 Cr), led by US-based investors Fidelity Investments and Accel Leaders Fund.

As per an ET report, the round includes $90 Mn of primary capital going directly into the company. The remaining $80 Mn came through secondary transactions, where early investors Blume Ventures and Fundamentum offloaded part of their stakes. These shares were lapped up by Fidelity and WestBridge Capital.

The round values Spinny at about $1.5 Bn. This marks a slight decline from the $1.7 Bn valuation that the startup had registered following a $131 Mn funding round in 2025.

On Thursday, the Competition Commission of India (CCI) approved Fidelity'...