Page 3 - Niraj Singh News Today

However, the co-founder Niraj Singh said that the company is on the trajectory for 50 per cent growth in business by the end of the calendar year, , layoffs, Spinny

Spinny has downsized around 4.5% of its total workforce, approximately 300 employees, out of a total of 6,500

“We are merging our Budget and Luxury offering platforms, Truebil and Spinny Max, with our master brand Spinny. This will allow us to offer customers a wider assortment of cars across price points and simplify the discovery of the right car for their needs, “ the company said.

Gurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of FY24, reversing losses of Rs 186 crore from the year-ago period. Striking an upbeat note following the results, the companys management said it expects profitability to sustain going forward. This and more in todays ETtech Top 5.

While CARS24 turned unicorn in November 2020, Droom and Spinny entered the coveted unicorn club in June 2021 and December 2021, respectively

Latest India Stock/Share Market News, NSE, BSE, Global Market, Sensex Nifty. Live Business News headlines on IPO, Stock/Share tips, Personal Finance, Budget, Tax, Mutual Fund, Commodity Market more Financial News and Announcements on Moneycontrol.

Niraj Singh: The valuation of the company was over 1.75 billion dollars or Rs 14470 crore.

Wolves of Dalal Street, Spinny as the dark horse of the used-car market, Sunny Leone at Cannes Film Festival are some of the stories that piqued the interest of our readers this week

With an emerging economy and rising growth in expendable incomes, full-stack used car retailing platform, Spinny has reported considerable growth in demand for used cars, especially from Tier 1 and Tier 2 cities.

After two back-to-back flop ventures, the stigma of being a 'failed entrepreneur', and the third venture, too, hanging by a thread during the early years, Niraj Singh displayed remarkable resilience to stage a comeback and put Spinny on the winning track