Vutto funding has captured attention as the startup transforming India’s used two-wheelers market raised $7 million in a Series A round led by RTP Global, with support from Blume Ventures, fueling its startup expansion under the leadership of co-founder Rohit Khurana.

The latest funding highlights the startup’s mission to transform the way customers buy and sell used two-wheelers. By combining a strong digital platform with physical showrooms, Vutto offers a seamless phygital experience that connects online inventory exploration with in-person test rides.

Customers drive away with fully refurbished two-wheelers that come with a six-month warranty, three free services, and complete paperwork support.

“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 feasible in India due to 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.

Backed by RTP Global and Blume Ventures

RTP Global led the Series A round, while Blume Ventures returned after backing Vutto’s earlier $1 million seed round. Angel investors from Swiggy, OfBusiness, Tracxn, BatterySmart, SuprDaily, and Panthera Peak Capital also contributed, underscoring strong confidence in Vutto’s growth potential. This infusion of capital positions the startup for aggressive expansion across India.

Founded in 2024 by Rohit Khurana, who previously held roles at Swiggy, Truebil, and Shuttl, alongside co-founder Sitaram Ankilla of Shipsy and SuprDaily, Vutto brings seasoned leadership to the used two-wheelers industry. Their collective experience in scaling businesses and building customer-first models sets a strong foundation for Vutto’s startup expansion.

“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,” said Nishit Garg, Partner, RTP Global.

Building a Transparent and Scalable Model

Vutto differentiates itself through a low-cost, high-velocity operating chassis. It sources directly from individuals and businesses, refurbishes vehicles in-house to a consistent standard, and ensures buyers benefit from warranties and simplified paperwork.

Additionally, Vutto collaborates with banks and financial institutions to create transparent channels for repossessed two-wheelers, helping lenders recover better value and giving customers access to high-quality refurbished options.

The new funding will focus on strengthening supply, refurbishment, and customer experience—the three pillars of its business. Vutto aims to scale its presence in NCR before entering other territories. Backed by RTP Global and Blume Ventures, the startup expansion underscores its ambition to become the leading platform for used two-wheelers in India.

“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.

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