Spinny acquires GoMechanic in ₹450cr cash-and-stock deal
Spinny, one of India's top used car platforms, is buying car servicing startup GoMechanic in a ₹450 crore cash-and-stock deal.
With this move, Spinny isn't just selling cars anymore—it's jumping into the world of car repairs and after-sales services too.
The deal also means Hero Group, Lifelong Group, and Stride Ventures (who had previously rescued GoMechanic) are handing over their stakes.
Management continuity and expansion into after-sales services
GoMechanic's current management—who helped steady the ship after last year's crisis—will keep running things post-acquisition.
For Spinny, this fits right into their plan to offer more than just car sales.
After raising $40 million earlier this year and hitting a valuation of $1.7 billion, Spinny is clearly shifting gears to cover all things car ownership—from buying to maintenance.