Bengaluru, February 10, 2016: The experience of buying and selling used cars in the tech capital of India, Bengaluru, is set to become smoother than ever as Spinny, the go-to platform for sale and purchase of pre-owned cars announces its launch in Bengaluru!
Spinny started operations in Delhi-NCR in June 2015. In a short span of 6 months, the company has gone from strength to strength. It has already inspected more than 7,000 cars and listed more than 4000 cars on the site. In those first few months of operations, Spinny has standardized their pricing model by basing it on 2 million data points that also takes into account their accurate inspection procedure to offer both sellers and buyers a fair price. There has been an incredible response to its services and buoyed by this success, the company has expanded its presence in Bengaluru to offer the best pre-owned car buying and selling experience to citizens of the tech hub of India.
To start off operations in Bengaluru, Spinny first recruited its Inspection team and the Sales Team, two crucial departments in the functioning of its business model. The co-founders of the company took a hands-on approach to building the team and have personally looked into the hiring of personnel for these departments.
Speaking on the launch in Bengaluru, Niraj Singh, Co-Founder & CEO of MySpinny, said, “Since the population in Bengaluru is very tech-savvy, we expect our initial business to come from the working executives in the city. Many young professionals migrate to Bengaluru for work and they prefer buying pre-owned cars rather than new cars. The model currently working in Delhi-NCR will prove quite beneficial for them and therefore we expect great traction in Bengaluru as well for our services.”
The used car market in Bengaluru is quite different from Delhi but the general perceptions associated with used cars are prevalent everywhere. People still look at selling and buying used cars as an inconvenient and opaque process. By offering pre-inspected and certified cars, Spinny is changing this perception towards used cars. Their model makes any used car transaction extremely transparent and convenient, be it in Delhi or Bengaluru. The user experience is uniform, no matter where you buy or sell a pre-owned car from.
Spinny has managed to taste success very early in its journey as it operates on a transactional-cum-fulfillment marketplace model. The company’s model aims to end information asymmetry and to establish correct price recommendations in the used car market of the country. Spinny looks to accomplish this by standardizing their inspection report with a systematic rating system while also streamlining the inspection process by utilising a dedicated app for the procedure. These initiatives will help remove the trust deficit in the used car market while also making the entire transaction process increasingly convenient for consumers.
The company’s quality process begins with sellers simply putting in a request to sell their car on the site. The in-house inspection team evaluates the car on various stringent parameters and their report is used to set a price the car. Each vehicle has to meet the Spinny 200-point inspection test and is only then featured on the platform. Buyers can rest easy as cars offered on the platform are Spinny Certified, which means they have undergone a rigorous check by qualified inspectors. They also get the added benefit of warranty on the cars purchased through Spinny.
corporate Comm India (CCI Newswire)
