Spinny files confidential IPO papers, eyes upto Rs 3,000 Cr

Used-car marketplace Spinny has filed draft papers for an IPO with the Securities and Exchange Board of India through the confidential route, according to a news report by Moneycontrol . Spinny is looking to raise Rs 2,500 crore to Rs 3,000 crore through the IPO, according to the news report. Founded in 2015, Spinny is an online used-car retailing platform that aims to bring about transparency and convenience in car buying and selling.