Vutto raises $7 million in funding to reshape how Indians buy and sell used two-wheelers

Vutto, a startup focusing on reshaping how India buys and sells used two-wheelers, has raised $7 million in a Series A funding round led by RTP Global, with participation from existing investor Blume Ventures.

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Previously, Vutto has raised $1 million in a 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 (ex-Swiggy, Truebil, Shuttl) and Sitaram Ankilla (ex-Shipsy, SuprDaily that was acquired by Swiggy and Truebil), Vutto is a full-stack platform offering a phygital experience for buying and selling used two-wheelers.

The startup said that 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, sourcing directly from consumers and businesses, refurbishing in-house to a defined standard, and backing every vehicle with a warranty and complete paperwork.

In addition to buying two wheelers from end customers, the startup works with 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.

“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,” said Rohit Khurana.

“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,” said Sitaram Ankilla.

Vutto said the new capital will strengthen its three pillars of supply, refurbishment, and customer experience, the foundation for its expansion in NCR, followed by new territories.

“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.