Tag: spinny
spinny: Spinny cuts FY24 net loss to Rs 590 crore; revenue up 14% on year to Rs 3,275 crore
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…
Used car startups revenue: Used car startups seek new routes as revenue tanks
New-age used-car platforms such as Cars24, Spinny, CarDekho and CarTrade Tech have increased efforts on generating revenue from ancillary sources such as auto financing, insurance…
spinny: Spinny’s losses swell to Rs 820 crore in FY23, revenue surges 30X
Used car retailing platform Spinny‘s losses swelled 67.3 per cent to Rs 820 crore in FY23 from Rs 490 crore in FY23. The advertising-cum-promotion, information…
Spinny layoffs: Used car startup Spinny lays off around 300 employees
Gurgaon-based used car startup Spinny has laid off around 300 employees, or around 5% of its workforce. The layoffs are part of a restructuring exercise…
Used car startups take a U-turn as sales remain sluggish
India’s used-car sales market – which had heated up during 2021 and 2022 after supply chain constraints from Covid19 pandemic and Russia-Ukraine war – is…