Valuedrive Technologies, which owns and operates used-car retailing platform Spinny, has raised a shade more than $13 million (about Rs 92 crore) in equity and debt financing, led by marque investment firms SAIF Partners and Accel Partners. Additionally, the round has seen Raghunandan G, cofounder of TaxiForSure and Haresh Chawla, [a] partner at private equity firm True North, invest in their respective personal capacities.

— The Economic Times

JoyceLaw advised Spinny, operated by Valuedrive Technologies, led by a team of Deepak Joyce.

IndusLaw advised Accel India V Mauritius Ltd and SAIF Partners India VI Limited led by a team including partner Anindya Ghosh and lawyers Mayukh Dutta, Stuti Agarwal, Rajat Jain.

Also advising were Rajaram Legal and Villechenon Société d’Avocats, Paris, and Constellation Blu.

2019-05-22

Deal value: $13 million

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