Company Intelligence Profile
Valuedrive Technologies Private Limited
Valuedrive Technologies Pvt Ltd is the legal/holding entity operating the Spinny and ValueDrive brands.
Last updated 17 August 2026
Valuedrive Technologies Private Limited operates the Spinny and ValueDrive brands, offering a tech-enabled platform for buying and selling used cars in India. With revenue of ₹4,751.8 Cr in FY25, the company faces challenges with a net loss of ₹672.8 Cr. Valuedrive has raised approximately $698M in funding and plans for a prospective India IPO.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
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Company Identity
| Registered name | Valuedrive Technologies Private Limited |
|---|---|
| CIN | U74999HR2019PTC077781 |
| PAN | AAGCV7548B |
| Status | Active |
| Listing |
|
| Incorporated | 11 January 2019 |
| ROC | RoC Haryana; one aggregator snippet said "RoC Delhi" — discounted as the registered address and GST home state both sit in Gurgaon, Haryana |
| Sector (NIC) | MCA class: "Other business activities n.e.c." |
| Registered address | 8th Floor, Tower A, Capital Business Park, Sohna Road, Sector 48, Gurgaon, Haryana 122018 |
| Authorized capital |
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| Paid-up capital |
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Business Overview
- Valuedrive Technologies Pvt Ltd is the legal/holding entity operating the Spinny and ValueDrive brands
- Spinny is a tech-enabled full-stack platform for buying and selling used cars in India, offering inspected/certified cars, in-house financing and warranty, with online + physical "Spinny Car Hub" touchpoints
- Registered corporate email seen on Tofler is secretarial@spinny.com, corroborating the Spinny link
- DPIIT-recognised startup
- ~4,829 employees as of Aug 2025
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anand Daniel ( | 03441515 | Director | - |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 06AAGCV7548B1ZA | Haryana | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | Active |
| 29AAGCV7548B1Z2 | Karnataka | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | - |
| 24AAGCV7548B1ZC | Gujarat | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | - |
| 33AAGCV7548B1ZD | Tamil Nadu | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | - |
| 03AAGCV7548B1ZG | Punjab | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | - |
| 04AAGCV7548B1CP | Chandigarh | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | Cancelled |
| 07AAGCV7548B1CJ | Delhi | AAGCV7548B (Tofler; matches PAN prefix embedded in all GSTINs found) | Cancelled |
Primary/home-state GSTIN: 06AAGCV7548B1ZA (Haryana, registered 27-Feb-2019, Active, Regular) — confirmed directly on a GSTIN-lookup portal (gstzen) and matches the Gurgaon registered address. Additional active registrations found (PAN AAGCV7548B common to all): 29AAGCV7548B1Z2 (Karnataka/Bengaluru, reg. 06-May-2019), 24AAGCV7548B1ZC (Gujarat/Ahmedabad, reg. 20-Nov-2020), 33AAGCV7548B1ZD (Tamil Nadu/Chennai, reg. 05-Feb-2021), 03AAGCV7548B1ZG (Punjab/SAS Nagar, reg. 10-Nov-2021), 04AAGCV7548B1CP (E-commerce operator/TCS registration, reg. 10-Sep-2021). One CANCELLED registration noted: 07AAGCV7548B1CJ (West Delhi, cancelled suo-moto). At least 6-7 state registrations found; company likely holds more given pan-India used-car operations — full state list not exhaustively confirmed (partial).
Financials
- Standalone figures per Tofler, FY ended 31-Mar-2025: Total Revenue ₹4,751.8 Cr (+24.36% YoY), EBITDA ₹-338.6 Cr, Net Profit (PAT) ₹-672.8 Cr, Net Worth ₹1,496.4 Cr (-10.26% YoY), Borrowings ₹575.7 Cr, Total Assets ₹2,330.9 Cr. Ratios: Gross margin 4.4%, Operating margin -7.3%, Net margin -14.2%, Debt-to-equity 0.4, Current ratio 2.8, ROE -45.0%, ROCE -26.0%
- Directionally corroborated (not exact-figure-matched) by a second source (IndiaFilings/D&B mirror) which states FY2025 revenue ">₹1,000 Cr" — consistent with, but far less precise than, the Tofler figure
- Treat exact figures as single-source; order of magnitude (multi-thousand-crore revenue, deep net loss) is well corroborated
Funding
- Spinny/Valuedrive has raised a cumulative ~$698M across ~15 rounds per aggregator data
- Named investors across multiple sources: Tiger Global (led a $105M round, reportedly ~$75M in a later round), Accel/Accel Leaders Fund (~$44M in a 2025/2026 round), General Catalyst (~$10M), WestBridge Capital, Elevation Capital, Fundamentum Partnership (Nandan Nilekani-backed), Think Investments
- Valuation figures CONFLICT across sources/snapshots: one report cites a Series G (12-Dec-2025, mixed primary/secondary) valuing the company at ~$1.8B post-money
- another source cites a Feb-2026 secondary transaction ($80M) implying a $1.4-1.5B valuation, and a separate aggregator states a "current" valuation of $1.28B. These likely reflect different transaction types (primary vs secondary) and dates rather than a single agreed number — reported here with the conflict flagged, not resolved
- Bloomberg (Apr 2026) reports Spinny has hired banks (Kotak Mahindra Capital, Morgan Stanley, Citigroup) for a prospective India IPO
Charges/Loans
- active charges/borrowings with lenders including ICICI Bank (₹274 Cr), Kotak Mahindra Bank (₹120 Cr) and IDFC First Bank ( ₹120 Cr)
- Total reported borrowings ₹575.7 Cr (FY2025, same source)
Competitors
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