Founded in 2015 and currently valued at US$150 million, Spinny believes in making car-buying and selling simple, accessible and delightful. It prides itself on its full-stack capabilities, which enable it to bring greater transparency and integrity in the pre-owned car market. This also provides quality-control and agility to create a holistically customer-centric offering and transfers savings and benefits at every step, to car buyers and sellers. The first one in Mumbai and thirteenth Spinny car hub in India is located at Korum Mall, Thane West and pan-India inventory of 2000-plus cars, Spinny is set to serve India’s car-passionate Western region.
Overhauling the used car industry by digital purchasing that provides safe, sanitised home test drives, home deliveries and an entirely contactless experience focussed on customer safety and satisfaction, Spinny’s consumer-centric model is offering the flexibility to offer seamless and easy processes, ensuring that a car can be purchased and sold remotely. Spinny aims to sell 2600 vehicles from its Mumbai showroom in 2021 itself.
With direct car sales as the core revenue stream of Spinny, features such as Spinny 360, online booking of each car, financing options and buyback benefit is live for Mumbai as well. Learnings from its existing base of 10,000-plus customers led the Company to launch ‘Home Test Drives and Home Delivery’ with Spinny Assured® which includes benefits of quality with 200-point inspection, 5-Day Moneyback Guarantee, Fixed Price Assurance and One-year Warranty.
SellRight by Spinny offers the best value for a used car as there are no middlemen and the benefit of better price goes to the seller, coupled with the services of doorstep car inspection and instant payment. Owning to the full stack model, the cars remain in the custody of Spinny till it’s transferred to the new owner.
Speaking on the occasion, Niraj Singh, CEO & Founder, Spinny stated, “We are elated about catering to consumers from the Western market via our entry into Mumbai. Our focus will be on the segment generating most demand – Rs. 3 lakh to Rs. 5 lakh – for hatchbacks, premium hatchbacks and compact sedans, followed by premium sedans and compact SUVs. Considering customers’ changing needs and expectations, during this pandemic our full-stack capability allowed us to set industry benchmarks in terms of a contactless, safe and simple car-buying and selling experience. Our emphasis on quality and going the extra mile as a customer-centric service brand has helped earn credibility and consumer trust. We ensure that every Spinny Assured® vehicle sold becomes the key reason for more customers trusting us. Given the ongoing pandemic, it is evident that every decision needs to be backed by strong safety and social distancing measures. Here, Spinny sets the industry standard in safety and convenience to create a delightful car-buying or selling experience for our customers.”
Added Mr Singh, “In 2021, we will be going ahead with expansion plans that were put on hold last year due to the pandemic. Thanks to the momentum and validation of our services from the positive customer response, we are confident of offering a safe experience. Therefore, we will be scaling up our operations and expanding into new cities this year. Our top-of-mind concern as we enter new cities is to maintain and further the quality of our buying and selling experience. Accordingly, we intend hiring more than 600 employees by the year-end.”