eCommerce
Spinny Cuts FY25 Loss By 28% To INR 424 Cr On Strong Revenue Growth
[ad_1]
SUMMARY
The startup’s operating revenue rose 25% to INR 4,656.1 Cr in FY25 from INR 3,730.0 Cr in FY24
Sale of products on its platform surged 26% YoY to INR 4,553.3 Cr
Expenditure also increased 17% to INR 5,170.1 Cr from INR 4,409.5 Cr spent in FY24
Tiger Global-backed used car marketplace Spinny
has trimmed its net loss by 28% to INR 423.8 Cr in the fiscal year ending March 31, 2025 (FY25) from INR 590.3 Cr loss incurred in the previous fiscal year.
The startup managed to cut its loss at the behest of a strong uptick…
[ad_2]
Source link
Continue Reading