Spinny Max News Today

With digitalisation and easy financing options, Spinny grew by more than 40% vis a vis last calendar year. Owing to the increasing demand for used cars, and the festive season during the latter half of the year, the growth rate in Q4 is 1.5 times more than in Q3 of this year.

Used car retailing platform Spinny's losses swelled 67.3 per cent to Rs 820 crore in FY23 from Rs 490 crore in FY23.The advertising-cum-promotion, information technology, legal-professional, and other overheads pushed the overall expenditure to ...

Tiger Global-backed Spinnys gross revenue surged 30 times to Rs 3,262 crore in FY23 from Rs 109 crore in FY22, according to its financial statements with the Registrar of Companies (RoC).

Used car retailing platform Spinny’s losses swelled 67.3 per cent to Rs 820 crore in FY23 from Rs 490 crore in FY23. The advertising-cum-promotion, information technology, legal-professional, and other overheads pushed the overall expenditure to

Spinny: The company said it witnessed a rise to 63% of first-time car buyers across India from August 2023 to October 2023 compared to 57% in Q2 2023.

UPDATED September 14, 2023 -- As COVID drove everyone online, tech companies hired like crazy. Now we are hitting the COVID tech bust as tech giants shed jobs by the thousands. Check back regularly for updates to our IT job layoffs tracker.

The April-June earnings posted in the past week by companies such as food and grocery delivery platform Zomato, software-as-a-service major Freshworks, and new-age logistics services provider Delhivery showed that steps towards frugality could lead to favourable results, even in a relatively short time.

Spinny, backed by Tiger Global, cuts 300 jobs amid declining used car demand. Truebil and Spinny Max divisions hit hardest

Spinny has about 6,000-6,200 employees and the sackings have hit around 5 percent of the workforce, as Truebil and Spinny Max prepare to merge and operate under the main brand

The layoffs are part of a restructuring exercise that will also see its budget and luxury car offerings — Truebil and Spinny Max — being merged into the main Spinny platform.