Spinny Cuts FY25 Loss By 28% To INR 424 Cr On Strong Revenue Growth

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SUMMARY

The startup’s operating revenue rose 25% to INR 4,656.1 Cr in FY25 from INR 3,730.0 Cr in FY24

Sale of products on its platform surged 26% YoY to INR 4,553.3 Cr

Expenditure also increased 17% to INR 5,170.1 Cr from INR 4,409.5 Cr spent in FY24

Tiger Global-backed used car marketplace Spinny has trimmed its net loss by 28% to INR 423.8 Cr in the fiscal year ending March 31, 2025 (FY25) from INR 590.3 Cr loss incurred in the previous fiscal year. 

The startup managed to cut its loss at the behest of a strong uptick…



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Spinny Cuts FY25 Loss By 28% To INR 424 Cr On Strong Revenue Growth


SUMMARY

The startup’s operating revenue rose 25% to INR 4,656.1 Cr in FY25 from INR 3,730.0 Cr in FY24

Sale of products on its platform surged 26% YoY to INR 4,553.3 Cr

Expenditure also increased 17% to INR 5,170.1 Cr from INR 4,409.5 Cr spent in FY24

Tiger Global-backed used car marketplace Spinny has trimmed its net loss by 28% to INR 423.8 Cr in the fiscal year ending March 31, 2025 (FY25) from INR 590.3 Cr loss incurred in the previous fiscal year. 

The startup managed to cut its loss at the behest of a strong uptick…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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