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SPINNY CAR PURCHASE
This Gurgaon couple bought a car for family road trips with their parrotAsanka and Monisha, who relocated to Gurugram from Kolkata, purchased a pre-owned Toyota Urban Cruiser. They sought a car that could accomm...- Spinny delivers 1,370 used cars on Navratri day 1, sets new record: Founder and CEO Niraj SinghSpinny said it recorded its highest-ever single-day car deliveries on the first day of Navratri. The company delivered 1,370 vehicles, refl...
- CarTrade Tech partners Spinny to expand used-car marketplace across CarWale, OLX IndiaCarTrade Tech and Spinny have formed a strategic partnership. This collaboration aims to improve the used car buying and selling experience...
- Used-car market enters new era: Why more Indians are choosing used cars despite rising incomesIndia's used car market is booming, projected to hit $70 billion by FY31 as buyers increasingly choose pre-owned vehicles for value and sma...
- India’s first choice for cars is going second-handIndia’s car market is shifting gears: why stretch for a new hatchback when a used SUV gets you further? A booming pre-owned market is redef...
- Cars24 acquires vehicle information management startup CarInfo in Rs 400 crore dealThis is the SoftBank-backed used car sales platform’s second acquisition in the past year, following its purchase of community platform Tea...
- Park+ integrates AI into mobility, parking, and car ownership servicesPark+ is integrating AI into the mobility space. The service is now present in over 130 cities.
- In 2024, 76% of used car buyers are first-timers, with 60% of women opting for automatic hatchbacks: ReportIn 2024, 76 percent of Spinny’s customers were first-time buyers, up from 73 percent in 2023. Women buyers represented 26 percent of the to...
- Confused as how GST hike on used car will work? Here's how a higher GST of 18% will impact individuals and businessesGST on used car sale: Consumers buying a used car now need to pay more GST. Moreover, if a business is claiming input tax credit then GST n...
- Spinny cuts FY24 losses; revenue's up 14% on-yearThe Tiger Global-backed company reported a 14% year-on-year increase in operating revenue to Rs 3,725 crore for FY24, according to its fina...
- Zoomcar eyes onboarding 20,000 cars by end of FY25Zoomcar, a car sharing platform, is set to expand its fleet by over 5000 cars by the end of FY24 and 20,000 cars by FY25. The expansion aim...
- A mini industry spawns under the hood of a booming car marketIndia's car market is booming, with passenger vehicle sales and the used car market both experiencing significant growth. The used car mark...
- Used car startups seek new routes as revenue tanksAccording to people tracking the sector, these firms faced the slowdown as the “growth-at-all-costs” push by venture-backed companies took ...
- Used i10, Swift top pick among first-time buyers: Here are the other most popular old cars in IndiaFirst-time car buyers are increasingly opting for pre-owned cars. The rise in demand can be attributed to a change in government policies, ...
- Used car startups take a U-turn as sales remain sluggishWith profitability still a far cry for venture-backed companies like Spinny, Cars24 and CarDekho, these platforms are either putting the br...
- Spinny announces launch of stock option plan for all employees“Since the inception, we have focussed on nurturing a healthy working environment and a robust value system where we work to build a truste...
- Cars24 may hit $3 billion valuation in new funding roundCars24 is considering a secondary share sale as part of the round, but it hasn’t been finalised yet.
- ET Startup Awards 2021: Nominees for Comeback KidThis award celebrates failure and recognises those who have survived to tell the tale. It will be given to entrepreneurs who rebuild or lau...
- India’s used car market to see significant, tech-driven growth: ReportThe car services and repairs market is likely to grow at a compounded annual growth rate of 12% to reach $25 billion by 2030, as compared t...
- Spinny sells 300 used cars in lockdown, expects to return to pre-corona level volume by next monthIts online-to-offline (O2O) model allows customers to discover cars online on Spinny's website and make the final purchase offline at a Spi...
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