Used car retailing platform Spinny on Thursday introduced that it has acquired a 100 per cent stake in AI-powered related automobile startup Scouto.
The deal will mark one of many first consolidations within the AI-powered used automobile options phase the place Spinny is gunning massive to emerge because the market chief.
“Part of the acquisition, Scouto’s founders will develop into an integral a part of Spinny and assist construct and drive our related automobile choices ahead. We’re very excited in regards to the integration & the synergies of Scouto with Spinny,” Niraj Singh, Founder and CEO of Spinny mentioned in a press release.
Based by ex-racecar driver Akshay Gupta (CEO) and Shubham Sharma (CTO), Scouto has constructed an end-to-end related automobile expertise suite that gives detailed intelligence on automobile’s well being in addition to efficiency, connects the car proprietor to automotive service suppliers and improves the general automobile possession expertise considerably.
The Ahmedabad based mostly startup was backed by DevX Enterprise Fund, iCreate & Bhuva Household Workplace earlier than being acquired by Accel, Tiger International and Elevation Capital backed Spinny.
Based in 2015, Spinny operates throughout the whole worth chain of pre-owned automobiles, embedding superior expertise and processes to ship a premium expertise to clients.
Spinny has round 23 automobile hubs that function throughout 15 cities.
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