Vutto raises $7M Series A led by RTP Global to build India’s most trusted used two-wheeler platform

With participation from existing investor Blume Ventures
New Delhi, August 29, 2025 — Vutto, the platform reshaping how India buys and sells used two-wheelers, has raised $7 million in Series A funding led by RTP Global, with participation from existing investor Blume Ventures.

Driven by the mission to make personal mobility accessible and affordable for the masses, 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.

India is the world’s largest two-wheeler market—surpassing China. In a country with ~30 crore households, nearly 55% own a two-wheeler, with adoption even higher across Tier 2 and Tier 3 cities, where families rely on two-wheelers for daily commutes and livelihoods. Every year, India buys anywhere between 1.5 – 2 crore new two-wheelers and close to 1 crore used two-wheelers —a vast but fragmented market where sellers seek the best price and buyers look for value. Backed by best-in-class investors and an A-team, Vutto is working towards unlocking this category.

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.

Founded in 2024 by Rohit Khurana (ex-Swiggy, Truebil, Shuttl) and Sitaram Ankilla (ex-Shipsy, SuprDaily that was acquired by Swiggy and Truebil), Vutto’s founders have scaled complex, operations-heavy businesses across India. 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. Vutto has built an extremely talented team of 50+, enabling it to deliver operational excellence, consistent quality and compounding customer trust.

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

“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, Co-founder, Vutto.

“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, Co-founder, Vutto.

“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.

“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,” said Sajith Pai, Partner, Blume Ventures.

Previously, Vutto has raised a $1 Mn seed round led by Blume Ventures, with participation from founders of Swiggy, OfBusiness, Tracxn, BatterySmart, SuprDaily, Panthera Peak Capital and other strategic angel investors.