Online used-car retailer Spinny has joined the unicorn club by raising $283 million from investors such as Abu Dhabi’s ADQ, Tiger Global Management and Avenir Growth. Its valuation is now $1.8 bn.

Spinny adds to the 42^nd in the list of unicorns in India. India has more than 70 unicorns, 42 added in 2021 itself.

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