Car Dealer Software601, JMD Megapolis, Badshahpur Sohna Rd Hwy, Sector 48, Haryana, Gurugram, IndiaFounded 2015CEO Sanjay KumarVarnwal
Spyne is a Gurgaon-based deep tech visual commerce company founded in 2018 by Sanjay Varnwal and a co-founder named Deepthi.
Sanjay Varnwal said on camera that Spyne's annual revenue was $3M (March 2023). That is up 900% from $300K a year earlier. Spyne is #754 on the Latka List, level with 14 others. The list ranks the 1,356 companies Nathan Latka has interviewed by revenue.
| As of | Revenue | Source |
|---|---|---|
| Nov 2021 | $23.1K | – |
| 2022 | $300K | Sanjay Varnwal on cameraWatch at 7:25 |
| Mar 2023 | $3M | Sanjay Varnwal on cameraWatch at 4:30 |
| Oct 2024 | $7.1MEST | GetLatka estimate |
| Nov 2024 | $18.4MEST | ZoomInfo estimate |
– source not recorded
Spyne is privately held, so there is no Spyne stock to buy. Investors valued it at $25M in its April 2022 Seed round.
Valuation history$25M Seed 2022$3.5M Pre-Seed 2020
Spyne has raised $7.7M across two rounds since 2020. The latest was a $7M Seed round in April 2022.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| Apr 2022 | Seed | $7M | $25M | Sanjay Varnwal on cameraWatch at 10:17 |
| Mar 2020 | Pre-Seed | $700K | $3.5M | Sanjay Varnwal on cameraWatch at 11:59 |
| Total raised | $7.7M |
Nathan Latka has interviewed Spyne once, speaking with Sanjay Varnwal. Each figure links to the second it was said.
Watch: How Spyne Reached $3M ARR and 140 Customers with 1000% Growth in 2023 (Interview with Co-Founder and CEO Sanjay Varnwal)March 2023 · Sanjay Varnwal, Co-Founder and CEO
Growth tactics they described: Cold OutreachWatch at 13:16
Spyne competes most directly with Imagga.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
| Spyne | $3M | $7.7M | 196 | 140 | 2015 |
 Imagga | $2.5M | – | 12 | 180 | 2008 |
#27 of 64 Car Dealer Software companies by revenue · category median $2.7M · See the ranking
Sanjay KumarVarnwal founded Spyne in 2015 with Sanjay Varnwal and runs it as CEO. Spyne had 196 employees (March 2024, Latka Top 250 List), up from 100 a year earlier.
| As of | Employees | Source |
|---|---|---|
| Mar 2024 | 196 | Latka Top 250 List |
| 2023 | 100 | Sanjay Varnwal on cameraWatch at 13:35 |
| Nov 2022 | 91 | – |
| Apr 2022 | 91 | – |
| Nov 2021 | 7 | – |
| Apr 2021 | 7 | – |
| Nov 2020 | 5 | – |
Spyne's annual revenue was $3M in March 2023, as Sanjay Varnwal said on camera.
Investors valued Spyne at $25M in its April 2022 Seed round, as Sanjay Varnwal said on camera.
Spyne has raised $7.7M across two funding rounds. The latest was a $7M Seed round in April 2022.
No. Spyne is a private company, so its shares aren't traded on a stock exchange.
Spyne had 196 employees in March 2024, according to the Latka Top 250 list.
Sanjay KumarVarnwal is the CEO of Spyne and co-founded the company in 2015.
Sanjay Varnwal and Sanjay KumarVarnwal founded Spyne in 2015.
16 said on camera · 1 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice. The Latka List ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.
Updated Oct 14, 2026Data disclaimerReport a correctionClaim this profile