Used two-wheeler platform Vutto has raised $7 million in its Series A funding round, led by RTP Global, with support from existing investor Blume Ventures.
Before this, the startup had raised $1 million in seed funding from Blume Ventures and several angel investors, including the founders of Swiggy, OfBusiness, Tracxn, BatterySmart, and SuprDaily.
Vutto said it will use the fresh funds to make it easier to source vehicles, improve refurbishment quality, enhance customer service, and expand into new markets.
“Re-commerce is a tough segment to operate in, as it lacks standardisation and operates on tighter economics. However, if done right, this can unlock an enormous scale. Two-wheeler re-commerce is only doable in India for the sheer size of the market. We are taking gradual steps to solve the problems that can help us unlock this massively underserved category,” said Rohit Khurana, Co-founder, Vutto
“Rohit and Sitaram have lived the grind of scaling ops-intensive businesses in India and bring executional muscle to a massive, under-served category. With its full-stack, refurbishment-led approach, Vutto is building the trust and infrastructure this market has lacked—helping keep India on the move. We’re thrilled to lead this round,” said Nishit Garg, Partner, RTP Global.
Vutto was started in 2024 by Khurana and Sitaram Ankilla. The company uses a hybrid model, which means it works both online and offline. Customers can search and explore certified used two-wheelers on the website and then complete the purchase at physical showrooms.
Every vehicle sold by Vutto comes with a warranty, service support, and full help with paperwork. This includes things like RC transfer, insurance, and financing, making the buying process smooth and worry-free for customers.
Vutto gets its vehicles from individuals, businesses, and banks, then refurbishes them in-house before selling them through its own network. The company also works with financial institutions to resell repossessed vehicles, which helps lenders recover money and gives buyers more choices.
In just its first year, Vutto sold over 1,500 vehicles and opened three showrooms in the NCR region.
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