India’s pre-owned vehicle startups fail the internet business test

We look at Spinny, a unicorn, to demonstrate how the used-car business is a graveyard of ideas pretending to be internet-first or internet businesses only to realize years later that the soul of the business lies in brick and mortar.

08 May, 202514 min
2
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

The legal and not-so-legal takeover of the UAE by Chinese cars

Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.

Internet
Story image

Nykaa needs to up its fashion game

The beauty retailer seeks to present a pretty picture of its younger fashion business. A closer look reveals a rather underwhelming show.

Internet
Story image

Investor exits at The Good Glamm Group signal a sobering and bitter outcome

Three board members have exited the beauty company, amid a severe cash crunch and an unraveling content-to-commerce narrative. New conversations suggest this billion-dollar story may have been all hype.