Delhi-based startup Vutto has raised $7 million in its Series A funding round. RTP Global led the round, while existing investor Blume Ventures also participated.
The company will channel this funding into vehicle sourcing, refurbishment, and customer services. Moreover, it plans to expand into new markets.
“Re-commerce is tough. It lacks standardisation and runs on thin margins. But if executed well, it can scale massively. India’s two-wheeler market makes this possible. We are taking steady steps to solve key challenges and unlock this underserved segment,” said Rohit Khurana, Co-founder of Vutto.
Founded in 2024 by Khurana and Sitaram Ankilla, Vutto runs on a hybrid online-offline model. Customers can browse certified two-wheelers online and complete purchases at showrooms. Each vehicle comes with a warranty, servicing support, and full paperwork assistance, including RC transfer, insurance, and financing.
The startup sources vehicles from individuals, businesses, and banks. It refurbishes them in-house before reselling them through its network. Additionally, Vutto partners with financial institutions to resell repossessed vehicles, helping lenders recover value while expanding choices for buyers.
“Rohit and Sitaram bring strong executional skills to this under-served sector. With its full-stack, refurbishment-led model, Vutto is building the trust and infrastructure this market needs. We’re excited to back their journey,” said Nishit Garg, Partner at RTP Global.
Within its first year, Vutto sold more than 1,500 vehicles and launched three showrooms in NCR. Earlier, it raised $1 million in seed funding from Blume Ventures and several angel investors, including the founders of Swiggy, OfBusiness, Tracxn, BatterySmart, and SuprDaily.
