Car Dealer SoftwareGurugram, 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.
Spyne has not published its revenue. zoominfo.com puts it at about $18.4M a year (November 2024). Spyne is #303 on the Latka Top. The Latka Top ranks the 1,378 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.com 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.
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 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 | $18.4M | $7.7M | 196 | 140 | 2015 |
 Imagga | $2.5M | – | 12 | 180 | 2008 |
Sanjay KumarVarnwal founded Spyne in 2015 with Sanjay Varnwal and runs it as CEO. Spyne has 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 has not published its revenue. zoominfo.com estimates about $18.4M a year (November 2024).
Companies don't publish a net worth. The closest figure is Spyne's valuation: $25M, set in Apr 2022.
Spyne is privately held by its founders, employees and investors.
No. Spyne is a private company, so its shares are not listed on a stock exchange.
$7.7M across 2 rounds; the latest was a $7M Seed in April 2022.
Sanjay KumarVarnwal, a co-founder.
Sanjay Varnwal and Sanjay KumarVarnwal, in 2015.
About 196 as of March 2024 (Latka Top 250 List).
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 Top 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 7, 2026Data disclaimerReport a correctionClaim this profile
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