India's Deeptech AI platform Spyne aims to onboard 4,000 automotive dealerships worldwide in FY25

Spyne, a Gurugram-based deeptech AI platform for automotive retail, said it has onboarded over 1,500 dealerships worldwide, including renowned names like Greenway Auto Group, Clay Cooley Auto Group, Covert Bee Group, Sell Any Car, CARS24, Carsa, and Motor Auction Group.

The startup also onboarded several leading OEMS, such as Toyota and BMW, among others. It now aims to achieve a 200% growth target for the current financial year, with plans to expand its footprint to over 4,000 dealerships globally.

What does Spyne do?

Founded in 2020 by Deepti Prasad and Sanjay Varnwal, Spyne is revolutionising the used car dealership space globally by giving small and mid-sized dealers the tools to thrive in a digital-first world. Its unified platform simplifies every stage of the selling process—from pricing the vehicle, digitising inventory, and managing leads with AI, to creating high-quality listings that capture buyer attention. 

In markets like India, where many dealers still operate using traditional, offline methods and rely on manual records, Spyne said it empowers dealerships with smart retail solutions that will help them manage their business intelligently and drive more sales.

Market presence

Spyne claims to have an operational presence in over 47 countries worldwide. Earlier this year, the startup launched a dedicated outbound sales engine to build high-impact partnerships across India, the EMEA region, Southeast Asia, and Australia. 

“The global used car market is growing at an unprecedented pace, and so is the competition and the pressure to deliver enhanced experiences. But, the traditional ways of running dealerships are no longer sustainable in today’s dynamic market,” said Sanjay Varnwal, CEO and Co-founder of Spyne.

“With a shift in consumer behaviour and their rising expectations, it's critical for dealerships, especially in the used-car segment, to embrace digital transformation. Our mission is to turn every partner into a smart dealership, equipped to grow and compete effectively. Tying up with over 1,500 dealerships globally is a strong validation of that vision, and we’re aiming to enable 4.000 dealerships in the coming year.”

Ramping up hiring

To fuel its next phase of growth, the Spyne is ramping up hiring across engineering and sales. The startup said it is focused on building a high-performance team to drive innovation, enter new markets, and support an increasingly global customer base.