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Spinny’s reports 14% rise in FY24 revenue, narrows losses

  • Spinny reported a 14% rise in FY24 revenue to Rs 3,725 crore.
  • Losses for the year decreased by 28% to Rs 590.4 crore.
  • Total expenses increased to Rs 4,409 crore due to rising stock-in-trade expenses and cost of materials.
  • Spinny competes with CarTrade, CarDekho, and ZigWheels in the pre-owned car market.

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