Used-car platform Spinny is gearing up for an IPO, aiming to raise $250-300 million as it leverages growth in India's organized pre-owned vehicle market.
Spinny plans $250-300M IPO with Morgan Stanley/Kotak/Citi advisors, first major Indian used-car platform public exit. India's $70B used-car market by 2031, 80% unorganized, rewards transparent platforms targeting B2B fleet and enterprise buyers.
Spinny could be the first major player in India's used-car platform space to go public
Jun 12, 2026
04:34 pm
What's the storyIndian used-car platform Spinny is gearing up for an initial public offering (IPO) to raise between $250 million and $300 million.
The company has hired Morgan Stanley, Kotak Mahindra Capital, and Citi India as advisors for the process.
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