August 29, 2025: Vutto, a startup platform engaged in buy and sell used bikes has secured $7 million in a Series A round to upgrade vehicle sourcing, refurbishment, and customer services, and fund its plans to enter into new markets.
Rohit Khurana, Co-founder, Vutto said “Re-commerce is a tough segment to operate in, as it lacks standardisation 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.” .
Vutto founded by Khurana and Sitaram Ankilla in 2024, operates on a hybrid online-offline model. Buyers can search for certified two-wheelers online and complete purchases at physical showrooms, with every vehicle backed by a warranty, servicing support, and end-to-end paperwork assistance including RC transfer, insurance, and financing.
Vutto to Expand Its Hybrid Bike Sales Model
The platform sources vehicles from individuals, businesses, and banks, refurbishes them in-house, and resells them through its network. Vutto also collaborates with financial institutions to enable resale of repossessed vehicles, improving value recovery for lenders and expanding inventory for buyers.
Nishit Garg, Partner, RTP Global, said “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.”
In its debut year, the company sold over 1,500 vehicles and set up three showrooms across NCR. Prior to this round, it had raised $1 million in seed funding from Blume Ventures and angel investors including the founders of Swiggy, OfBusiness, Tracxn, BatterySmart, and SuprDaily.
The funding was led by RTP Global, with participation from existing investor Blume Ventures.
