Spinny cuts FY25 loss by 28% to Rs 424 crore on 25% revenue growth

Used-car retailer Spinny reduced its FY25 net loss by 28% to Rs 424 crore, driven by a 25% revenue increase. Revenue grew to Rs 4,657 crore in FY25, while total expenses rose slower at 17% to Rs 5,170 crore, with procurement costs being the largest expense. The company, which raised $40 million in June, is moving closer to breakeven as operating leverage improves in the growing Indian used-car market.