Cars24 cofounder Gajendra Jangid is taking a break from his CMO role amid fresh top-level changes at the used-car platform. The company says it is targeting an IPO within the next six to twelve months, supported by strong recent financial performance. The leadership shift is widely viewed as aligning the business for growth and a public-market debut.
Used car unicorn Spinny is reportedly preparing for a potential IPO in the first quarter of 2027, with investment banking advisers including Kotak Mahindra Capital, Morgan Stanley and Citigroup. The plan is expected to combine fresh issue and offer for sale, but discussions on public float, valuation and issue size are still ongoing. The move follows its recent $170 million funding round.
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