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Spinny hires elite banks for IPO in early 2027 after fresh 170 million funding
Startups
Published on 29 April 2026
Fresh IPO plans may mix new shares and OFS
Spinny, the used car platform backed by Tiger Global, is reportedly gearing up for an IPO in early 2027. It has brought in investment bankers including Kotak Mahindra Capital, Morgan Stanley, and Citigroup, with an IPO structure likely combining fresh issue and offer for sale. The company recently raised $170 million, and its valuation is estimated around $1.5 billion.
- Spinny plans to launch its IPO in early 2027
- Kotak, Morgan Stanley, and Citigroup are reportedly onboard as bankers
- Deal structure may include fresh issue plus offer for sale
- Recent funding raised $170 million with valuation around $1.5 billion
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