Vutto raises $7 million in Series A round to expand used Two-wheeler platform

Used Two-Wheeler Marketplace Vutto has raised $7 million in a Series A round led by RTP Global with participation from existing investor Blume Ventures.

Earlier, it had raised $1M in seed funding from Blume Ventures and angel investors, including the founders of Swiggy, OfBusiness, tracxn, BatterySmart, and SuprDaily.

The company said it will use the new funds to improve vehicle sourcing, refurbishment, and customer service, and to expand into new markets.

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“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.

About Vutto 

Founded in 2024 by Khurana and Sitaram Ankilla, Vutto runs on a hybrid online-offline model. Customers can explore certified two-wheelers online and finish the purchase at showrooms. Every vehicle comes with a warranty, service support, and complete paperwork help including RC transfer, insurance, and financing.

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The platform sources vehicles from individuals, businesses, and banks, refurbishes them in-house, and sells them through its network. Vutto also partners with financial institutions to resell repossessed vehicles, helping lenders recover value while giving buyers more options.

In its first year, the company sold 1,500+ vehicles and opened three showrooms in NCR.