Exclusive: Spinny converts into public company; FY26 topline touches Rs 6,000 Cr

•Spinny, a used car retailing platform, converts into a public company by changing its parent entity's name to Valuedrive Technologies Limited.

•The company has appointed Kotak, Morgan Stanley, and Citi as lead bankers for its planned IPO in CY27.

•Spinny is expected to close FY26 with revenue of around Rs 6,000 crore, up from Rs 4,657 crore in FY25.