Spinny files confidential IPO papers, eyes up to ₹3,000 crore
Spinny, the Indian used-car marketplace, has privately submitted IPO documents to regulators and wants to raise ₹2,500 to ₹3,000 crore through a mix of new shares and existing investors selling stock. According to Inc42's sources, the company grew revenue to around ₹6,000 crore in FY26 and expects another 25-30% bump this year. Spinny is aiming to list in 2027, but the size and details of the offering could still shift.
- Spinny submitted IPO papers confidentially with SEBI
- Wants to raise up to ₹3,000 crore via fresh shares and OFS
- Revenue hit ₹6,000 crore in FY26, with further growth expected
- February funding round valued it at $1.5 billion, a drop from 2025
- Listing target is 2027, but timeline could still shift
Sources covering this
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