Milestone · Commerce & Consumer Brands

Spinny estimated to cross ₹6,000 crore in revenue for FY26

By Startup Enthusiast · 6 September 2026

What they do

Spinny operates a full-stack pre-owned car platform, handling everything from vehicle inspection and refurbishment to direct retail sales

The company is estimated to cross ₹6,000 crore in revenue for fiscal year 2026, marking a growth of over 28 percent

The used-car retailer continues to carry inventory costs unlike rivals shifting towards commission models, remaining in the red

Pre-owned car platform Spinny is estimated to cross ₹6,000 crore in revenue for fiscal year 2026 according to people familiar with its performance.
The company is growing by more than 28 per cent annually while maintaining its full-stack retail model.
Unlike competitor Cars24, which has shifted portions of its merchant business to a commission-led model, Spinny continues buying, refurbishing, and selling cars directly.
The inventory-led approach allows the full transaction value of vehicles to flow through reported revenue.
Despite the strong top-line growth, Spinny is estimated to have remained in the red with a net loss of roughly ₹350-400 crore for FY26.
In a separate development, a consumer disputes redressal commission in Hyderabad ordered Spinny to pay about ₹3.10 lakh in compensation after a luxury car sold as a single-owner vehicle was found to have multiple previous owners.

The contrasting strategies of major used-car platforms highlight a wider industry debate over whether inventory-heavy retail or commission-based asset-light models offer sustainable economics.
Earlier market participants have faced severe headwinds, with CarDekho exiting full-stack used-car retailing and Droom experiencing a significant drop in revenue.

Spinny operates an online and offline marketplace for buying and selling certified pre-owned cars across multiple Indian cities.
The platform provides a 200-point inspection process for every vehicle listed on its inventory.
Additional offerings include a 5-day money-back guarantee, fixed price assurance with no negotiations, and a one-year comprehensive service warranty.
Customers can also access used car financing options, car insurance, FASTag recharges, and doorstep delivery or test drives.
The company generates revenue by acquiring, refurbishing, and directly retailing pre-owned vehicles to retail buyers.

Product: A platform that helps consumers buy, sell, and exchange used cars.
Customers: Individual car buyers and sellers, plus dealers and OEM partners.
How it makes money: It earns from car sale margins, exchange activity, and related services such as financing and warranties.
What sets it apart: Certified inspection and a managed, end-to-end transaction experience.
Operations: Operates an inventory-backed and platform-assisted used-car retail network.