India, Nov. 5 -- Tiger Global-backed used car marketplace Spinny's net loss has climbed by 28% to INR 819.8 Cr in the financial year ending March 2024 (FY24) from INR 590 Cr reported in the previous fiscal year.

Spinny's revenue from operations rose 14.2% to INR 3,725 Cr in FY24 from INR 3,259.7 Cr in the previous fiscal year. While the sale of products accounted for 97% of the total operating revenue at INR 3,621.3 Cr, revenue from the sale of services contributed merely INR 6.2 Cr to it.

The car reselling startup reported a total income of INR 3,821 Cr against the INR 3,380.7 Cr reported last year.

Following a similar trail, its expenses also zoomed 5% to INR 4,409 Cr from INR 4,196 Cr reported in the previous year. Of these, purchas...