Used car platform Spinny has converted into a public company, changing its name to Valuedrive Technologies Limited as part of its IPO preparations.
Spinny converts to public entity pre-IPO with ₹6,000 crore FY26 revenue target (25% YoY), selling 15k cars/month. Consolidation via M&A of auto-service, rival marketplace, and media shows used-car B2C segment scaling toward IPO.
Spinny expects to end FY26 with a revenue of around ₹6,000 crore
Aug 03, 2026
04:36 pm
What's the storySpinny, a leading player in the used car retailing space, has taken a major step toward its planned initial public offering (IPO).
The company has converted itself into a public entity by changing its parent company's name from Valuedrive Technologies Private Limited to Valuedrive Technologies Limited.
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