India, Sept. 29 -- Tiger Global-backed used car marketplace Spinny has trimmed its net loss by 28% to INR 423.8Cr in the fiscal year ending March 31, 2025 (FY25) from INR 590.3 Cr loss incurred in the previous fiscal year.

The startup managed to cut its loss at the behest of a strong uptick in its top line. In the fiscal, the ecommerce unicorn's operating revenue jumped 25% to INR 4,656.1 Cr from INR 3,730.0 Cr in the previous fiscal year.

In this, the sale of products, that is the sale of cars on its ecommerce platform, accounted for a majority of its revenue, raking in INR 4,553.3 Cr. This revenue surged 26% from INR 3,621.4 Cr in the previous fiscal.

On the other hand, revenue from the sale of services contributed merely INR 8.8 Cr ...