Spinny’s Series D Financing Round

IndusLaw advised Valuedrive Technologies Private Limited (Spinny), Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and and AZB Partners represented Tiger, CAM advised Avenir, while Goodwin Procter assisted GC and Kaiser, Khaitan & Co. advised Think Investment and Samvad Partner represented Fundamentum.

Spinny has raised $108 million (approx. Rs 807 crore) in a funding round led by Tiger Global and New York-based Avenir Growth.

Spinny is an online platform for selling used cars.

The IndusLaw team was led by Partner Anindya Ghosh (Picture), as well as Ankita Gupta (Principal Associate), Rajat Jain (Associate) and Siddhant Maheshwari (Associate).

Tiger was represented by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP with a team led by Steven L. Baglio, Mark Oblad, Neal Rooney, Michael C. Allers. 
The AZB Partners team consisted of Srinath Dasari, Bhuvana Veeragavana (Partners) along with Mridula Sriram, Samyukhta Santhosh.

CyrilAmarchand Mangaldas represented Avenir with a team led by Pooja Sable (Partner), Pooja Patel.

GC and Kaiser were represented by Goodwin Procter (Hong Kong) LLP with a team led by Asmita Mishra and Abhishek Krishnan.

Think Investment was represented by Khaitan & Co. with a team led by Kartick Maheshwari, Shantanu Gupta (Partners) and Abir Sarkar.

The Samvad Partner team advising Fundamentum was led by ‘Junaira Rahman (Partner), Gauri Khanna and MV Abhinaya.

Involved fees earner: Srinath Dasari – Azb & partners; Samyukhta Santhosh – Azb & partners; Mridula Sriram – Azb & partners; Bhuvana Veeraragavan – Azb & partners; Pooja Patel – Cyril Amarchand Mangaldas; Pooja Sable – Cyril Amarchand Mangaldas; Michael Allers – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Steven Baglio – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Mark Oblad – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Neal Rooney – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Anindya Ghosh – IndusLaw; Ankita Gupta – IndusLaw; Rajat Jain – IndusLaw; Siddhant Maheshwari – IndusLaw; Shantanu Gupta – Khaitan & Co.; Kartick Maheshwari – Khaitan & Co.; Abir Sarkar – Khaitan & Co.; Gauri Khanna – Samvad Partners ; Abhinaya M V – Samvad Partners ; Junaira Rahman – Samvad Partners ;

Law Firms: Azb & partners; Cyril Amarchand Mangaldas; Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; IndusLaw; Khaitan & Co.; Samvad Partners ;

Clients: Avenir Growth ; Fundamentum Partnership; Spinny Valuedrive Technologies Private Limited; Think Investments;

Author: Sonia Carcano