Spinny plans IPO, to raise up to ₹2,800 crore: Report

Indian used-car platform Spinny is planning to raise up to $300 million (over ₹2,800 crore) through an IPO, Mint reported, citing sources. It has hired Morgan Stanley, Kotak Mahindra Capital, and Citi India as advisors for the process and may file draft papers over the next quarter. Post IPO, Spinny could become the first major Indian used-car platform to list.