The Used car retailer, which works directly with consumers in India, reported ₹4,657 crore in revenue in FY25. This is a 25% jump from the ₹3,730 crore in FY24. The company also cut its losses by about 28%, getting closer to profitability as it gets stronger in the Indian D2C market.
Spinny’s numbers show that Indian D2C brands are becoming more established and adapting to current market activity. Almost all of the company’s income, ₹4,553 crore, came from used car sales, which says a lot about its D2C model in India. It also made ₹89 crore in non-operating income from deposits, bonds, and mutual funds, bringing its total income to ₹4,746 crore in FY25, up from ₹3,822 crore in FY24.
This revenue increase is at a time when investors are paying attention to the Indian D2C market, looking for growth, profits, and smart expansion plans. Spinny spent the most on car procurement, which rose 23% to ₹4,309 crore in FY25, making up over 83% of its total expenses. It is worth noting that the company also cut back on employee benefits and advertising costs, which suggests a more focused go-to-market plan and smarter spending to boost growth.
Investors are watching Spinny’s performance, as it reflects the D2C funding trends in India. Earlier in the year, Spinny raised $170 million in a round led by Accel Leaders Fund, bringing its total funding to $676 million. With backers like Tiger Global, Elevation Capital, and Accel, the company is now one of the top funded D2C brands in India. This funding has made Spinny stronger financially and shows that investors are confident in D2C brands that are growing quickly and setting standards in the Indian direct-to-consumer market.
Spinny is also growing by acquiring Autocar India, a well-known auto media and content platform, to improve its storytelling and customer engagement. It also started its own NBFC subsidiary to branch out into financial services and create new ways to make money. These actions show how D2C brands in India are going beyond just selling products and are moving towards omnichannel strategies, consumer content, and financial integrations to ensure long-term growth.
With Indian D2C updates pointing to growth in various areas, such as food, beverage, fashion and lifestyle, Spinny’s story is a good example of scaling responsibly. Its FY25 results show better unit economics and operational efficiency, and highlight the strength of the D2C model in India that investors and consumers are supporting. With solid revenue growth, smart acquisitions, and strong investor backing, Spinny is more than just a used car retailer, it represents how the D2C industry in India is moving toward sustainable and profitable growth.
