Pre-owned car retailing platform Spinny has acquired a 100 per cent stake in AI-powered connected car startup, Scoute. The deal will mark one of the first consolidations in the AI-powered used car solutions segment where Spinny is gunning big to emerge as the market leader. The companies did not reveal the value of the transaction.

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Founded by ex-racecar driver Akshay Gupta (CEO) and Shubham Sharma (CTO), Scouto has built an end-to-end connected car technology suite that provides detailed intelligence on car’s health and performance, connects the vehicle owner to automotive service providers (e.g., insurers, Fast Tag players etc.) and improves the overall car ownership experience significantly. The company is focused on the consumer car industry and caters to the various start-ups in the Automotive Aftermarket and used car space in India. In FY22, Scouto clocked approx Rs 5 crore in revenue.