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Valuedrive Technologies Private Limited

Valuedrive Technologies Pvt Ltd is the legal/holding entity operating the Spinny and ValueDrive brands (confirmed by two independent aggregator mirrors — Tracxn legal-entity page and IndiaFilings/D&B).

ActiveNot listed (private company). Media reports (Bloomberg, Apr 2026) say Spinny has hired Kotak Mahindra Capital, Morgan Stanley and Citigroup for a prospective Mumbai IPO — no listing yet.RoC Haryana (Tofler, TheCompanyCheck); one aggregator snippet said "RoC Delhi" — discounted as the registered address and GST home state both sit in Gurgaon, Haryana
AI Overview Generating…

Valuedrive Technologies Pvt Ltd, established on January 11, 2019, operates Spinny, a tech-enabled platform for buying and selling used cars in India. With approximately 4,829 employees, Spinny offers inspected cars, financing, and warranty solutions. In FY 2025, it reported a revenue of ₹4,751.8 crore and a net loss of ₹672.8 crore. The company has raised around $698 million from investors like Tiger Global and Accel. Valuation figures suggest estimates between $1.28B to $1.8B. An IPO is being considered.

AI-generated, may contain errors.

Business Overview

  • Valuedrive Technologies Pvt Ltd is the legal/holding entity operating the Spinny and ValueDrive brands, confirmed by two independent aggregator mirrors — Tracxn legal-entity page and IndiaFilings/D&B.
  • 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, IndiaFilings/D&B mirror, single source, not cross-verified.

Sector & Classification

MCA class: "Other business activities n.e.c."; Tofler industry tag: Wholesale & Retail of Motor Vehicles. Business: tech-enabled used-car buying/selling platform

Directors & Key Management

Anand Daniel
Nominee Director · DIN 03441515
Niraj Singh
Nominee Director · DIN 01474431
Mohit Gupta
Nominee Director · DIN 07383489
Ramanshu Mahaur
Nominee Director · DIN 07332483
Mukul Arora
Nominee Director · DIN 01099294
Ashish Kumar
Nominee Director · DIN 00452609 · Appointed 24 Oct 2025
Directors — source notes

Overlap across sources (Tofler, TheCompanyCheck, one MCA mirror) on 5 of 6 directors: Anand Daniel (DIN 03441515, Nominee Director), Niraj Singh (DIN 01474431), Mohit Gupta (DIN 07383489), Ramanshu Mahaur (DIN 07332483), Mukul Arora (DIN 01099294, Nominee Director) — DINs per Falconebiz. The 6th board seat is a CONFLICT between sources: Falconebiz/one aggregator lists Ashish Kumar (DIN 00452609, Nominee Director) as current, while TheCompanyCheck (dated snapshot) lists Neeraj Arora (Nominee Director, appointed 24 Oct 2025) instead — likely a recent nominee-director swap between snapshot dates; not resolved with certainty from available sources.

GST Registrations

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

AI Overview Generating…

Valuedrive Technologies, for FY ending March 2025, reported revenue of ₹4,751.8 Cr, a 24.36% increase YoY. Despite growth, it faced a net loss of ₹672.8 Cr. The company maintains ₹575.7 Cr in borrowings with a total asset value of ₹2,330.9 Cr.

AI-generated, may contain errors.

  • Standalone figures per Tofler, FY ended 31-Mar-2025, single primary source for exact numbers: 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 (partial)
  • Order of magnitude, multi-thousand-crore revenue, deep net loss, is well corroborated.

Funding History

  • Spinny/Valuedrive has raised a cumulative ~$698M across ~15 rounds per aggregator data, single-source figure, not independently re-verified.
  • 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.

Shareholding

  • Cap-table percentages not obtained from any source.
  • Known institutional shareholders, named across multiple sources, no stake % confirmed: Tiger Global, Accel, General Catalyst, WestBridge Capital, Elevation Capital, Fundamentum Partnership, Think Investments.
  • Individual director/founder shareholders per Tofler tenure tags: Niraj Singh, Mohit Gupta and Ramanshu Mahaur are tagged "Shareholder" directors (founders), while Anand Daniel, Mukul Arora and the 6th nominee seat are tagged "Nominee Director", investor-appointed, — consistent with a founder + VC cap table, but exact percentages not obtained.

Loans & Charges

  • Per Tofler, single source, not cross-verified against a second registry mirror: 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.

Competitive Landscape

  • India's used-car marketplace peer set, named from general industry knowledge, not a single cited source: Cars24, larger/comparable-scale unicorn, broader multi-country used-car marketplace, CarDekho / Cardekho Group, large diversified auto-classifieds + used-car business, IPO-track, CarTrade Tech Ltd, listed on NSE/BSE, smaller revenue base, operates CarWale/CarTrade/Shriram Automall, OLX Autos India, backed by global OLX/Prosus, scaled down India used-car ops in recent years, Droom, smaller listed-abroad-attempted marketplace, broader vehicle categories, Mahindra First Choice Wheels, conglomerate-backed, franchise-heavy used-car network.

Frequently Asked Questions

What is the incorporation date of Valuedrive Technologies Pvt Ltd?

Valuedrive Technologies Pvt Ltd was incorporated on 11 January 2019.

What does Valuedrive Technologies Pvt Ltd do?

Valuedrive Technologies Pvt Ltd operates the Spinny and ValueDrive brands, providing a tech-enabled full-stack platform for buying and selling used cars in India with inspected and certified cars, in-house financing, and warranty options.

What is the CIN of Valuedrive Technologies Pvt Ltd?

The Corporate Identification Number (CIN) of Valuedrive Technologies Pvt Ltd is U74999HR2019PTC077781.

What is the GSTIN of Valuedrive Technologies Pvt Ltd?

The primary GSTIN for Valuedrive Technologies Pvt Ltd is 06AAGCV7548B1ZA, registered in Haryana. The company also has additional active registrations in other states such as Karnataka, Gujarat, Tamil Nadu, and Punjab.

Where is the registered office of Valuedrive Technologies Pvt Ltd located?

The registered office is located at 8th Floor, Tower A, Capital Business Park, Sohna Road, Sector 48, Gurgaon, Haryana 122018.

Sources

Tofler (tofler.in/valuedrive-technologies-private-limited/company/U74999HR2019PTC077781) — identity, capital, directors+DINs, FY2025 financials, charges. TheCompanyCheck (thecompanycheck.com/company/valuedrive-technologies-private-limited/U74999HR2019PTC077781) — identity, directors, capital. Falconebiz (falconebiz.com) — director DINs (via search snippet; direct page fetch returned only the search-portal homepage, not the company page). GST portal mirror (my.gstzen.in) — primary Haryana GSTIN verification. Multiple GSTIN-lookup aggregators (piceapp.com, microvistatech.com, fnshiftsolutions.com) — additional state GSTINs (secondary-tier sources, used only for the GSTIN list, cross-checked against the common PAN). IndiaFilings/Dun & Bradstreet mirror (via search snippet) — related-party (Spinny/ValueDrive) corroboration, employee count, directional revenue. Tracxn legal-entity page (via search snippet, name/brand-link only per instructions). News/aggregator snippets (Bloomberg Apr 2026 re: IPO banks; funding-round reporting via thecapitalquest.com, Yahoo Finance, cbinsights aggregation) — funding and investor names. Spinny official site (spinny.com) — domain and logo asset confirmation.

Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.