Spinny
1 MAbout Spinny
A Comprehensive Overview of Price & Journey
Understanding Spinny Inception and Growth
Spinny is a privately held company whose shares are traded in the unlisted market. Unlike listed companies, Spinny Unlisted Share Price determined by stock exchanges. Its Spinny Unlisted Share Price and valuation are influenced by factors such as investor demand, market conditions, company performance, and negotiations between buyers and sellers.
This report provides an overview of Spinny’s business, financial performance, valuation, and recent developments. It also explains how investors can access its unlisted shares and highlights key factors to consider before investing. The objective is to help readers understand the company’s business model, growth potential, and associated investment risks.
What Does Spinny Do?
Spinny is a customer-focused platform that helps people to buy and sell pre-owned cars across India. The company aims to make the used- car buying process simple, convenient, and trustworthy. With fewer than 2% of young Indians satisfied with traditional used car purchasing experience. The company is focused on quality of the car, built trust with the customer by giving the transparency and accountability.
It is maintaining the quality, providing clear information about each vehicle through its Spinny Assured programme, and helping customers choose cars according to their needs and preferences. This approach has helped spinny serve over 2,00,000 customers.
What Product and Services Spinny Does?
- Certified Used Cars: Spinny purchases used cars and performs an exhaustive 200- point quality audit by qualified engineers and then sells it directly to customers. Full inspection reports and grades of certification are made available of their purchase.
- No Haggle Pricing: All cars will be sold at a fixed price, eliminating the hassle of haggling over price and giving customers an equitable deal.
- Car Guarantee & Buyer Protection: All car purchases include a 5-day No-question-Asked Money-Back Guarantee and a 1-Year Warranty on major mechanical parts.
- Spinny Finance: It is providing direct auto loan facilities in collaboration with banks and NBFCs customers can easily finance their Purchase.
- Spinny Insurance: Motor insurance policy sold at the time of car sales.
- Spinny Plus Warranty: Buyers may choose to add additional warranty coverage to their purchases.
- Car and Servicing Maintenance: Post purchasing servicing / repair/ aftermarket parts through a network of 4500+ partner workshop.
Spinny’s Business Growth: Brand Strategy, Financials, and Upcoming IPO
Brand and Marketing Strategy
To establish an identity in a market where people who buy pre-owned cars usually skeptical, Spinny on boarded cricket icon Sachin Tendulkar as a brand ambassador and a strategic investor. By leveraging his reputation for reliability across transparent, fixed Spinny Unlisted Share Price marketing campaigns, spinny successfully built trust with first time buyers, but also stood out among the undisciplined offline marketing dealers.
Financial Performance
In FY2025, Financial performance spinny experienced a notable improvement in their operations with an operating revenue rising by 25% Year-on-Year to ₹4,657 crore. Meanwhile, the company reduces its net loss by approximately 28% down to ₹424 crore, driven by improvement in inventory management, and its operational efficiency.
Funding and Valuation
The company raised a funding around $160–$170 million led by the Fidelity and the Accel Leaders Fund, which are both in the United states. The agreement helped to provide $90 million in new primary capital for expansion, give early investors the ability to sell partial shares and put Spinny’s valuation at $1.4 -$1.5 billion after CCI approval.
IPO Outlook
Spinny has pre-filed its paperwork with SEBI to raise ₹2,500 to ₹3,000 crore through a public market IPO. Targeting a potential listing in 2027, although the exact time will depend in regulatory approvals.
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Spinny is a privately held company whose shares are traded in the unlisted market. Unlike listed companies, Spinny Unlisted Share Price determined by stock exchanges. Its Spinny Unlisted Share Price and valuation are influenced by factors such as investor demand, market conditions, company performance, and negotiations between buyers and sellers.
This report provides an overview of Spinny’s business, financial performance, valuation, and recent developments. It also explains how investors can access its unlisted shares and highlights key factors to consider before investing. The objective is to help readers understand the company’s business model, growth potential, and associated investment risks.
What Does Spinny Do?
Spinny is a customer-focused platform that helps people to buy and sell pre-owned cars across India. The company aims to make the used- car buying process simple, convenient, and trustworthy. With fewer than 2% of young Indians satisfied with traditional used car purchasing experience. The company is focused on quality of the car, built trust with the customer by giving the transparency and accountability.
It is maintaining the quality, providing clear information about each vehicle through its Spinny Assured programme, and helping customers choose cars according to their needs and preferences. This approach has helped spinny serve over 2,00,000 customers.
What Product and Services Spinny Does?
- Certified Used Cars: Spinny purchases used cars and performs an exhaustive 200- point quality audit by qualified engineers and then sells it directly to customers. Full inspection reports and grades of certification are made available of their purchase.
- No Haggle Pricing: All cars will be sold at a fixed price, eliminating the hassle of haggling over price and giving customers an equitable deal.
- Car Guarantee & Buyer Protection: All car purchases include a 5-day No-question-Asked Money-Back Guarantee and a 1-Year Warranty on major mechanical parts.
- Spinny Finance: It is providing direct auto loan facilities in collaboration with banks and NBFCs customers can easily finance their Purchase.
- Spinny Insurance: Motor insurance policy sold at the time of car sales.
- Spinny Plus Warranty: Buyers may choose to add additional warranty coverage to their purchases.
- Car and Servicing Maintenance: Post purchasing servicing / repair/ aftermarket parts through a network of 4500+ partner workshop.
Spinny’s Business Growth: Brand Strategy, Financials, and Upcoming IPO
Brand and Marketing Strategy
To establish an identity in a market where people who buy pre-owned cars usually skeptical, Spinny on boarded cricket icon Sachin Tendulkar as a brand ambassador and a strategic investor. By leveraging his reputation for reliability across transparent, fixed Spinny Unlisted Share Price marketing campaigns, spinny successfully built trust with first time buyers, but also stood out among the undisciplined offline marketing dealers.
Financial Performance
In FY2025, Financial performance spinny experienced a notable improvement in their operations with an operating revenue rising by 25% Year-on-Year to ₹4,657 crore. Meanwhile, the company reduces its net loss by approximately 28% down to ₹424 crore, driven by improvement in inventory management, and its operational efficiency.
Funding and Valuation
The company raised a funding around $160–$170 million led by the Fidelity and the Accel Leaders Fund, which are both in the United states. The agreement helped to provide $90 million in new primary capital for expansion, give early investors the ability to sell partial shares and put Spinny’s valuation at $1.4 -$1.5 billion after CCI approval.
IPO Outlook
Spinny has pre-filed its paperwork with SEBI to raise ₹2,500 to ₹3,000 crore through a public market IPO. Targeting a potential listing in 2027, although the exact time will depend in regulatory approvals.
Fundamentals
Financials
All values are INR Cr except per share value
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2026
| Name | Designation | Share % |
|---|---|---|
| Mr. Niraj Singh | Founder | 9.70% |
| Mr. Mohit Gupta | Co-Founder | 2.60% |
| Institutional & Strategic Investors | (NA) | 80.31% |
| ESOP Pool | Employee Stock Option Trust | 4.74% |
| Enterprises & Corporate Bodies | Strategic & Corporate Investment Arms | 2.07% |
| Angels & High Net Worth Individuals | Early-Stage Backers | 0.58% |
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Spinny Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can dowload the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.