Sachin Tendulkar-Backed Spinny Files Confidential Papers for up to Rs 3,000 Crore IPO

Spinny IPO: Tiger Global-backed used-car sales platform Spinny files confidentially for Rs 3,000-crore IPO

The company, which competes with the likes of SoftBank-backed Cars24, is in expansion mode and may utilise the fresh capital from its public offering to broaden its footprint across the country, one of the persons cited above said.

Spinny files confidential IPO papers with Sebi

The proposed IPO is expected to give some of Spinny’s early investors an opportunity to exit, while also bringing fresh capital into the company to fund its expansion

Sachin Tendulkar-backed Spinny files confidential papers for up to Rs 3,000 crore IPO

The used-car marketplace is looking to raise capital through a combination of a fresh issue and an offer for sale, with the listing timeline yet to be determined, sources told Moneycontrol.

Spinny Confidentially Files IPO Papers, Eyes Up To ₹3,000 Cr Issue

Used-car marketplace Spinny has reportedly filed confidential IPO papers with SEBI to raise up to ₹3,000 Cr through a fresh issue and OFS.

Spinny files Rs. 3000 cr. IPO papers as used-car boom enters a new phase

Spinny files ₹3,000 crore IPO papers as India’s used-car market enters a new phase, highlighting growing demand and industry expansion.

Spinny IPO: Sachin Tendulkar-Backed Firm Eyes ₹3,000 Crore IPO

According to individuals who spoke to Moneycontrol, the used car marketplace intends to raise money by combining a new issue with an offer for sale; the listing timeframe has not yet been decided. Spinny IPO: Sachin Tendulkar-Backed Used-Car Platform Eyes ₹3,000 Crore Issue According to persons acquainted with the situation, Niraj Singh, co-founder and CEO [...]