Team Startupcity

• Vutto raises $7 million led by RTP Global to expand its used two-wheeler platform.
• Offers certified bikes with test rides, warranty, free services, and complete paperwork.
• Focus on low-cost, high-velocity operations, refurbishing vehicles, and entering new territories starting with NCR.

Vutto, a startup focused on changing the way Indians buy and sell used two-wheelers, has raised $7 million in a Series A funding round. The round was led by RTP Global, with participation from existing investor Blume Ventures.

Earlier, Vutto had raised $1 million in a seed round led by Blume Ventures, along with investments from founders of Swiggy, OfBusiness, Tracxn, BatterySmart, SuprDaily, Panthera Peak Capital, and other strategic angel investors.

Founded in 2024 by Rohit Khurana, who previously worked with Swiggy, Truebil, and Shuttl, and Sitaram Ankilla, an ex-SupriDaily and Truebil professional, Vutto offers a full-stack platform for buying and selling used two-wheelers. The company provides a 'phygital' experience, blending online and offline services for customers.

Through Vutto, buyers can browse certified inventory online, take test rides at showrooms, and purchase two-wheelers that come with a six-month warranty, three free services, and complete paperwork support, including RC transfer, insurance, and financing.

The startup follows a low-cost, high-velocity operating model. It sources vehicles directly from consumers and businesses, refurbishes them in-house to a defined standard, and backs each vehicle with a warranty and complete paperwork.

Vutto also collaborates with banks and financial institutions to create a transparent channel for repossessed two-wheelers. This helps banks recover better value and provides buyers with access to high-quality refurbished vehicles.

“Re-commerce is a tough segment because it lacks standardization and operates on tight margins. But if done right, it can grow at a huge scale. Two-wheeler re-commerce works only in India due to the market size. We are taking steady steps to solve the key challenges and unlock this underserved category”, said Rohit Khurana.

Sitaram Ankilla added, “This business relies on building strong store-level operations and running a low-cost model so unit economics work. Our first store, opened a year ago, is already profitable. The goal now is to replicate this model at a much larger scale”.

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The new funding will help Vutto strengthen three pillars; supply, refurbishment, and customer experience, laying the foundation for expansion in NCR and other regions.

“Rohit and Sitaram have the experience of scaling operations-heavy businesses in India. Vutto’s full-stack, refurbishment-led approach is building the trust and infrastructure this market has been missing, keeping India on the move. We are excited to lead this round”, said Nishit Garg, Partner, RTP Global.