Startup Atlas · Auto Finance / Fintech

Spinny Unicorn

Valuedrive Technologies Private Limited ● Gurugram, Haryana ● Founded 2015 ● spinny.com ↗
Niraj Singh · Founder & CEO Ramanshu Mahaur · Co-founder & CTO Mohit Gupta · Co-founder Ganesh Pawar · Former Co-founder
$850.9 MnTotal funding (tracked)
8Funding rounds
14 Feb 2026Last round
5,736Team size (sourced)

Spinny: Financial Breakdown

Figures below are FY25, standalone basis, compiled from filings and disclosures — every year cited to its source.

Revenue from operations Rs 4,657 crore (total income incl. other income Rs 4,746 crore)Total revenue · +29.1% YoY
Rs 5,170 croreTotal expenses
Not disclosed in this articleEBITDA
Net loss Rs 423 croreNet loss · loss narrowed 26% YoY

Revenue by fiscal year

0200400600$MRevenue from operations Rs 25.2 crore (total revenue incl. other income Rs 39.7 crore): $3M3FY21Revenue from operations Rs 109.4 crore (total revenue incl. other income Rs 180 crore): $13M13FY22Revenue from operations Rs 3,105 crore (Gross Merchandise Value Rs 3,262 crore): $369.6M370FY23Revenue from operations Rs 3,725.02 crore (total revenue incl. other income Rs 3,821.86 crore): $443.5M444FY24Revenue from operations Rs 4,657 crore (total income incl. other income Rs 4,746 crore): $560.4M560FY25

Net profit / loss by fiscal year

-100-80-60-40-200$MNet loss Rs 110 crore: $-13.1M-13FY21Net loss Rs 490 crore: $-58.3M-58FY22Net loss Rs 820 crore: $-97.6M-98FY23Net loss Rs 590.37 crore: $-70.3M-70FY24Net loss Rs 423 crore: $-50.9M-51FY25

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY25 Revenue from operations Rs 4,657 crore (total income incl. other income Rs 4,746 crore) Rs 5,170 crore Not disclosed in this article Net loss Rs 423 crore source
FY24 Revenue from operations Rs 3,725.02 crore (total revenue incl. other income Rs 3,821.86 crore) Rs 4,409 crore EBITDA margin -11.38% (no absolute rupee figure disclosed) Net loss Rs 590.37 crore source
FY23 Revenue from operations Rs 3,105 crore (Gross Merchandise Value Rs 3,262 crore) Rs 4,203 crore EBITDA margin -20% (no absolute rupee figure disclosed) Net loss Rs 820 crore source
FY22 Revenue from operations Rs 109.4 crore (total revenue incl. other income Rs 180 crore) Rs 670 crore Not disclosed (a secondary aggregator's -244% EBITDA margin figure is unverified against primary filing) Net loss Rs 490 crore source
FY21 Revenue from operations Rs 25.2 crore (total revenue incl. other income Rs 39.7 crore) Rs 150 crore Not disclosed Net loss Rs 110 crore source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: inc42.com · Last verified 7 Sep 2026. · Report a correction