Delhi-based used two-wheeler marketplace Vutto has raised $7 million (~₹61.4 crore) in a Series A round led by RTP Global, with participation from existing investor Blume Ventures.
Prior to this, the startup had raised $1 million in seed funding from Blume Ventures and angel investors.
The fresh capital will be used to expand Vutto’s presence across Delhi NCR, enter new cities, and strengthen supply, refurbishment, and customer service operations, the company said.
Founded in 2024 by Rohit Khurana and Sitaram Ankilla, Vutto runs a full-stack platform for buying and selling used two-wheelers. Customers can browse certified vehicles online, take test rides at physical showrooms, and purchase bikes with a six-month warranty along with paperwork, insurance, and financing support.
The Indian pre-owned two-wheeler market is a large and growing segment, with about 9 million used bikes sold in FY24, generating revenues of $3.8 billion, according to market research.
In its first year, Vutto claims to have sold 1,500 vehicles through its three Delhi showrooms, with an average 12-day turnaround from listing to sale. The startup has also tied up with banks and financial institutions for selling repossessed two-wheelers.
The segment has seen turbulence recently, with players like BeepKart and CredR shutting down operations, and Cars24 exiting its Moto vertical. Vutto now competes with platforms such as Bikewale, BikeDekho, and RoamPrime.
By: Arushi Agarwal
