Vutto, a used two-wheeler marketplace, has raised $7 million in its Series A funding round led by RTP Global, with participation from existing investor Blume Ventures.
The fresh funds raised will be used to strengthen its operation across supply, refurbishment, and customer experience. The funds will also be used to expand its footprint across Delhi NCR and enter new cities.
Previously, Vutto has raised a $1 million seed round led by Blume Ventures, with participation from founders of Swiggy, OfBusiness, Tracxn, BatterySmart, SuprDaily, Panthera Peak Capital and other strategic angel investors.
Founded in 2024 by Rohit Khurana and Sitaram Ankilla, Vutto is a full-stack platform offering a phygital experience for buying and selling used two-wheelers. Customers can explore certified inventory online, take test rides at Vutto showrooms, and drive home with as-good-as-new two-wheelers that include a six-month warranty, three free services, and complete paperwork support, including RC transfer, insurance, and financing.
Vutto is building a low-cost, high-velocity operating chassis for this category—sourcing directly from consumers and businesses, refurbishing in-house to a defined standard, and backing every vehicle with a warranty and complete paperwork.
The company focuses on fast-moving, everyday models for the masses. Vehicles on its platform typically sell within 12 days of listing. This velocity, paired with margin hygiene and service rigor, underpins its healthy unit economics and a differentiated promise of trust and affordable mobility at scale.
In addition to buying two-wheelers from end customers, Vutto already works with leading banks and financial institutions to create a transparent channel for repossessed two-wheelers—helping banks recover much better value and giving buyers access to higher-quality refurbished two-wheelers.
In just over a year, the company has sold 1,500 vehicles and opened three strategically located showrooms in Delhi, keeping access convenient for customers.
Rohit Khurana, Co-founder, Vutto, said, “Re-commerce is a tough segment to operate in, as it lacks standardization 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.”
Sitaram Ankilla, Co-founder, Vutto, said, “This is a business of building a strong store-level funnel and running a low-cost operating model so that unit economics work. Our first store, launched just a year ago, is already profitable and contributing to net profits. The task ahead is to replicate that ‘one store, one box’ playbook at 1,000x scale.”
Nishit Garg, Partner, RTP Global, said, “Rohit and Sitaram have lived the grind of scaling ops-intensive businesses in India and bring executional muscle to a massive, underserved 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.”
Sajith Pai, Partner, Blume Ventures, said, “The used two-wheeler market in India is a huge, untapped opportunity, and also one of the toughest. Rohit and Sitaram are among the grittiest founders we’ve met and the best team to tackle this challenge. We believed in them from the beginning, supporting them when they were just two people with a plan. Now, with three stores, over 50 team members, and more than 1,500 bikes sold, we’re thrilled to continue supporting their journey of solving personal mobility for the Indian masses.”
