Delhi-based startup Vutto raises $7Million in Series A funding led by RTP Global, with backing from Blume Ventures, as it scales its used two-wheeler phygital model across India. ETAuto.com
Founders & Seed History
Founded in 2024 by Rohit Khurana and Sitaram Ankilla, Vutto earlier raised $1 million in seed funding led by Blume Ventures. The round also saw angel investors from Swiggy, OfBusiness, Tracxn, BatterySmart, SuprDaily, and others.
Phygital Model That Works
Vutto combines the convenience of digital browsing with the trust of offline showrooms.
- Customers can browse certified bikes online.
- Final purchases happen in showrooms with test rides.
- Every vehicle comes with:
- 6-month warranty
- 3 free services
- Support for RC transfers, financing, insurance, and paperwork
This full-stack model bridges trust gaps in India’s fragmented used two-wheeler market.
Strong Early Metrics
In just over a year:
- 1,500+ vehicles sold
- 3 profitable showrooms in Delhi NCR
- Vehicles sell within 12 days of listing, proving strong demand and operational efficiency.
Breaking Market Ground
By partnering with banks and financial institutions, Vutto sources repossessed two-wheelers, refurbishes them, and resells them to consumers—creating value for both lenders and buyers.
Future-Focused Expansion
The $7M Series A funding, led by RTP Global with participation from Blume Ventures, will be used to:
- Scale sourcing and refurbishment
- Enhance customer experience
- Expand beyond the National Capital Region
Investor Confidence
- RTP Global highlighted Vutto’s role in bringing “trust and infrastructure to an underserved market.”
- Blume Ventures praised the founders as among the “grittiest entrepreneurs tackling the complexities of re-commerce.”
Sector Momentum
Vutto’s raise adds to India’s startup funding wave, closing August 2025 with major deals in ecommerce, fintech, and babycare.
Context & Strategic Takeaways
India’s used two-wheeler market exceeds 10 million annual sales but faces challenges of trust, fragmentation, and lack of standardisation.
- Vutto’s “one store, one box” model shows replicable unit economics.
- With strong backing and scalable operations, the startup could see 1000x expansion in footprint.
By merging digital discovery with offline assurance, Vutto is reshaping mobility access in India—making ownership more reliable, affordable, and seamless.
