SPYNE

Spyne is helping large e-commerce marketplaces and dealers/merchants in the automotive and e-retail industry create and upgrade high-quality visual merchandising at scale.

Spyne is currently serving 150+ customers across 15+ countries, including Cars24, Walmart Global, Cardekho, Swiggy, Penske Motors, SellAnyCar, Ajio, Myntra, etc.

Currently doing $1.6M+ in ARR and is adding 10-15% ARR MoM. Started building US Auto GTM in Mar, 24 and in the last 8 months grew to 62 new accounts in the US adding $650K+ in revenue.

Sanjay Varnwal

Deepti Prasad

Accel

Storm Ventures

Alteria Capital

US used car market is growing faster than new car market with a digital first model!

- 92% of US dealers have their own websites

- Used-car buyers spend about 40% more time researching online during the buying process than do new-car buyers (~10 hrs avg)

At 5% market share only, they have a fair shot to build 8K+ dealers subscribers base translating to $50-80M in ARR terms.

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Spyne solves a big problem for Used-car dealers!

Cars, averaging $30K+ per used vehicle, drive dealers to prioritize quicker sales due to (a) high daily interest rates on inventory & (b) customer hesitation with old listings.

For faster sales, Dealers invest significantly in merchandising, including premium photoshoots using high-cost turntable studios like Carvana or Spinny in India.

Spyne helps them save both time and cost but still gives them studio quality images & videos. Easy decision for the dealers.

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US Auto GTM has worked well + Global marquee clients in e-commerce & Food gives them leverage.

- Started building US GTM in Mar 2023 & in the last 8 months Spyne grew to 62 accounts in the US adding $650K+ in revenue.

- Overall 150+ clients with marquee names as Walmart Global, Penske Motors, Swiggy, Cars24, CarsDekho, Ajio, Myntra etc