Tech
Spinny trims losses in FY25 as revenue grows 25% to Rs 4,657 crore
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Used-car sales platform Spinny has reported a 25% increase in its operating revenue for fiscal 2025 at Rs 4,657 crore, while narrowing its losses by trimming down key expenses, according to documents sourced from the Registrar of Companies (RoC).
The growth rate assumes significance considering the used-car sales segment was moving in the slow lane in FY23 and FY24.
The Gurugram-based company’s net loss for fiscal 2025 came in at Rs 424 crore, down 28% from FY24, making it the second consecutive year of losses coming down. In FY23, it had reported…
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