Spinny targets 35 buyer cities as it readies for a CY27 IPO
Used-car retailer Spinny has converted its parent into a public company and is targeting FY26 revenue of about Rs 6,000 crore. The company plans to expand its buyer footprint from 25 to around 35 cities, adding 10 locations.
Used-car retailer Spinny has converted its parent into a public company ahead of a planned CY27 IPO. It expects FY26 revenue of about Rs 6,000 crore and plans to expand its buyer footprint from 25 to around 35 cities.
Why this matters
Spinny’s parent conversion to a public company precedes its planned CY27 IPO. The buyer-city expansion follows signals that India’s used EV market could grow 20-25% as financiers and organised retailers expand.
Retail-company signals are accelerating, up 227650% QoQ.