On this page
Spinny Targets 2027 IPO With ₹2,500–3,000 Cr Raise as Revenue Scales
Spinny has pre-filed for an IPO expected to raise ₹2,500-₹3,000 Cr, targeting a 2027 listing. The used-car retailer is scaling revenue but remains loss-making, while expanding into dealership exchanges, financing, insurance and after-sales through its GoMechanic acquisition.
FY25 operating revenue₹4,656 crore
FY26 estimated revenuearound ₹6,000 crore
up up 29%
Reported figures
From the report. Source details below
| FY25 operating revenue: | ₹4,656 Cr |
|---|---|
| Estimated FY26 revenue: | around ₹6,000 Cr, up 29% |
| Expected revenue growth this fiscal: | 25%-30% |
| FY25 loss: | ₹423.8 Cr, narrowed 28% year-on-year |
| FY25 customer-contract revenue: | ₹4,650 Cr; nearly 98% from car sales |
| FY25 purchase of goods: | ₹4,304 Cr, including ₹4,250 Cr stock-in-trade |
| Direct costs: | ₹136.8 Cr |
| GoMechanic acquisition value: | approximately ₹450 Cr |
| GoMechanic FY25 revenue: | ₹144.5 Cr |
Also in the report
- India used-car market projected at around $70 Bn by FY31, with 9-10 Mn annual sales and 14%-18% CAGR
- Nearly 80% of used-car transactions remain unorganised
The source
First seen