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  5. Spinny Acquires Truebil

M&A Deal Summary

Spinny Acquires Truebil

On August 6, 2020, Spinny acquired internet software and services company Truebil

Acquisition Highlights
  • This is Spinny’s 2nd transaction in the Internet Software and Services sector.
  • This is Spinny’s 2nd transaction in India.

M&A Deal Summary
Date 2020-08-06
Target Truebil
Sector Internet Software and Services
Buyer(s) Spinny
Deal Type Add-on Acquisition

Target

Truebil

Mumbai, India
Truebil operates a C2C managed used car marketplace along with a full-stack direct retail program as Truebil Direct across Mumbai, Bangalore, and Delhi (NCR).

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Buyer(S) 1

Buyer

Spinny

Gurgaon, India
Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Spinny is an operator of pre-owned car segment buying and selling platform.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 HopCar

Gurgaon, India

HopCar is a platform to buy and sell used cars.

Buy -
Mergr

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