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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 Spinny's 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.