Spinny’s Pre-IPO Makeover & India’s Used Car Market Conundrum

Share via:


Spinny has spun off a narrative that India’s largely fragmented market of clunkers and trade-ins is on a swing.

The full-stack used-car platform last week saw its FY25 topline zoom 25% to INR 4,657 Cr, while it slammed the brakes on its losses from skidding beyond 28% at INR 424 Cr. This was the second straight year for the company to cut down on losses. 

Although most new-age tech platforms are deep into the red and struggling to set the unit economics after raising capital in quick succession, the financials for the last fiscal tell a…



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.

Popular

More Like this

Spinny’s Pre-IPO Makeover & India’s Used Car Market Conundrum


Spinny has spun off a narrative that India’s largely fragmented market of clunkers and trade-ins is on a swing.

The full-stack used-car platform last week saw its FY25 topline zoom 25% to INR 4,657 Cr, while it slammed the brakes on its losses from skidding beyond 28% at INR 424 Cr. This was the second straight year for the company to cut down on losses. 

Although most new-age tech platforms are deep into the red and struggling to set the unit economics after raising capital in quick succession, the financials for the last fiscal tell a…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Top 5 Android settings you should activate immediately after...

Setting up a new Android phone often feels...

India’s wealthtech funding climbs to $634 Mn in 2024–25

India’s wealthtech startup ecosystem is attracting strong consumer...

Pitch Perfect Hero

All images generated with AI using LetzAI, Reve...

Popular