Spinny converts parent into public company ahead of planned CY27 IPO
Used-car platform Spinny has converted parent Valuedrive Technologies into a public company. It targets around ₹6,000 crore in FY26 revenue, after ₹4,657 crore in FY25, and plans to expand its buyer-city network from 25 to about 35.
Spinny has converted parent Valuedrive Technologies into a public company ahead of a planned CY27 IPO. The used-car retailer targets FY26 revenue of about Rs 6,000 crore and plans to expand its buyer footprint from 25 to around 35 cities.
Why this matters
The move follows Spinny's recent signal on expanding to 35 buyer cities for a CY27 IPO and coincides with reporting on 20–25% used-EV market growth.
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