Spinny CEO Niraj Singh | Is There A Big Inventory Build-up In The Secondary Car Market? | Business　 #ETNOW

Spinny, India’s largest second-hand car platform, is driving growth despite GST turbulence.
In an exclusive ET NOW interview, Founder & CEO Neeraj Singh shares his insights on the future of India’s used car industry.

🔹 GST Impact: Temporary turbulence, market to stabilize by year-end
🔹 Growth Outlook: 25–30% YoY, targeting ₹6,000 crore GMV by FY26
🔹 Profitability: City-level profitable, aiming for full profitability in two quarters
🔹 Funding: Raised $170M from Accel Partners at $1.8B valuation
🔹 New Verticals: Expanding into finance, insurance, and AMC services
🔹 IPO Plans: Targeting readiness by mid-to-end CY2026
🔹 Focus: 100% on India before exploring global markets

SPINI is redefining used car ownership — combining affordability, trust, and innovation.

#spinny #usedcars #neerajsingh #etnow #automarket #startupsindia #usedcarrevolution

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