Spinny’s reports 14% rise in FY24 revenue, narrows losses
10 hours ago · Tuesday November 05, 2024 , 1 min Read. Spinny on Tuesday reported a 14% year-on-year (YoY) rise in its FY24 revenue to Rs 3,725 crore, helped by a rise in revenue from the sale of products and ...
spinny: Spinny cuts FY24 net loss to Rs 590 crore; revenue up …
1 day ago · Gurugram-based used car sales startup Spinny managed to significantly narrow its net loss during FY24 to Rs 590 crore from Rs 820 crore in the previous year as it undertook rationalisation measures in a year that saw dwindling growth for the pre-owned vehicle sales industry. The Tiger Global-backed company reported a 14% year-on-year increase in operating revenue to Rs 3,275 crore for FY24 ...
Tiger Global, General Catalyst-backed Spinny's FY24 revenue …
9 hours ago · Overall, Spinny has raised more than $530 million till date and was last valued at about $1.8 billion. The same year, in July, Spinny raised $103.3 million in Series D led by Tiger Global, months after it closed its Series C funding led …
Spinny Net Loss Swells BY 28% To INR 819.8 Cr In FY24
15 hours ago · News. Spinny Net Loss Swells BY 28% To INR 819.8 Cr In FY24. ... Spinny’s revenue from operations rose 14.2% to INR 3,725 Cr in FY24 from INR 3,259.7 Cr in the previous fiscal year. While the ...
India’s Spinny valued at over $1.75 billion in $280 million funding
Nov 24, 2021 · Spinny, a Gurgaon-based startup that operates a platform to facilitate the purchase and sale of used cars, is the latest firm to become a unicorn in the world’s second-largest internet market.
Spinny’s gross revenue balloons to Rs 3,260 Cr in FY23 - Entrackr
Nov 7, 2023 · Gurugram-based Spinny’s gross revenue aka gross merchandise value (GMV) flew to Rs 3,262 crore in FY23 from Rs 109 crore in FY22, according to its consolidated financial statements filed with the Registrar of Companies.
Spinny continues the transformation of used cars for India, with …
Jan 10, 2024 · Spinny witnessed 71% of corporate professionals buying used cars in 2023. Compact SUVs remained the keeps growing as the preferred choice for Spinny buyers, followed by Hatchbacks and Sedans.
Spinny grows 40% in CY 2023, with 73% first-time car buyers
Dec 29, 2023 · 3 min read. Spinny grows 40% in CY 2023, with 73% first-time car buyers. 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.
Interview: Niraj Singh, founder & CEO, Spinny - Brand Wagon News …
Jun 7, 2024 · Spinny posted 40% growth in CY 2023, with 73% of the demand coming from first-time car buyers. In this interview, Niraj Singh, founder & CEO, Spinny, talks to Alokananda Chakraborty about the...
Spinny's Digital Sales Surge to 70% with 13% Increase in 2023
Dec 29, 2023 · The increased demand for digital sales this year boosted the sales of Gurugram-based used car retailer Spinny. The company stated that the number of online car sales increased by 13 per cent, reaching 70 per cent of all sales, up from 48 per cent in 2022.