Wed, Nov 08, 2023
Tiger Global-backed Spinny's gross revenue surged 30 times to Rs 3,262 crore in FY23 from Rs 109 crore in FY22, according to its financial statements with the Registrar of Companies (RoC). The revenue surge is due to the cash and carry model.
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Fri, Sep 16, 2022
Sales of used cars increased. Why are people buying used cars? How big is the market of used cars? Know full details from Kushal Gupta.
Mon, Dec 27, 2021
India saw three online used car platforms -- Droom, CarDekho and Spinny -- becoming unicorns (market cap of over $1 billion) in 2021 and riding the digital wave, the used car sales are expected to grow to 8.3 million units (at a healthy CAGR of 11 per cent) by 2026, a new report showed on Monday.
Wed, Jan 09, 2019
With the availability of more options, easy finance and increase in spending capacity of people, the sales of four wheeler have taken a huge jump in the last decade. But, due to rise in new car prices, surged taxes, increase in fuel rates, higher depreciation, less resale value etc, buyers are shifting towards a second hand or used car options.
Wed, Dec 06, 2017
There are a number of websites and places available in India where you can seek help for buying or selling a second-hand car. However, it is always helpful to do your own homework while entering into such deal.
Tue, Jul 25, 2017
The GST rate being applied on used cars is at the highest slab and incurs tax of 29-43%, which will push sellers to go to the unorganised market instead of the organised market.
Wed, Nov 30, 2016
The company is targeting an annualised sales gross merchandise value (GVM) of Rs 2,500-3,000 crore from about Rs 1,500 crore by March 2017.
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