Results

Spinny cuts FY25 loss 28% as revenue grows 25%

By Startup Enthusiast · 28 September 2025

What they do

Revenue from operations rose 25% to Rs 4,657 crore in FY25, from Rs 3,730 crore a year earlier

The net loss narrowed to about Rs 424 crore from Rs 590 crore, as costs grew slower than sales

Car sales brought in nearly 98% of operating income; buying cars for stock was the biggest cost at Rs 4,309 crore

Spinny buys, checks and resells used cars online and through its own car hubs.
Almost all revenue (about 98%) comes from selling cars; the rest from commissions, services and ads.
It also runs car loans, the GoMechanic servicing business and the Autocar India titles.

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.