About OTO
OTO is a company based in Bengaluru (India) founded in 2018 by Sumit Chhazed and Harsh Saruparia. It operates as a Brokerage / Intermediation and Two-Sided Marketplace. OTO has raised $29.66 million across 13 funding rounds from investors including Angel List, Wellfound and Venture Catalysts. The company has 199 employees as of March 21, 2024. OTO offers products and services including Two-Wheeler Loans, Two-Wheeler Purchase Platform, and Electric Two-Wheeler Loans. OTO operates in a competitive market with competitors including Bajaj Auto Finance, Hinduja Leyland Finance, Mufin Green Finance, Bike Bazaar and CreditWise Capital, among others.
- Headquarter Bengaluru, India
- Employees 199 as on 21 Mar, 2024
- Founders Sumit Chhazed, Harsh Saruparia
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Oto Capital
- Date of Incorporation 09 Apr, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$4.33 M (USD)86.56as on Mar 31, 2023
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Net Profit
-$3.79 M (USD)-103.45as on Mar 31, 2023
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EBITDA
-$2.42 M (USD)-225.7as on Mar 31, 2023
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Total Equity Funding
$29.66 M (USD)
in 13 rounds
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Latest Funding Round
Not available
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Investors
Angel List
& 114 more
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Employee Count
199
as on Mar 21, 2024
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Products & Services of OTO
OTO offers a comprehensive portfolio of products and services, including Two-Wheeler Loans, Two-Wheeler Purchase Platform, and Electric Two-Wheeler Loans.
Loans for bikes and scooters are provided by OTO.
Platform for buying bikes and scooters is offered.
Loans for electric bikes and scooters are facilitated.
Funding Insights of OTO
OTO has successfully raised a total of $29.66M across 13 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in OTO
OTO has secured backing from 115 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and Venture Catalysts.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on tech startups
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Venture capital investment firm
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Startups are matched with investors via an online investment platform.
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Investor details for OTO
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by OTO
Investment portfolio details for OTO
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Financial Statements - OTO
Detailed financials for OTO
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- Profit trends
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Oto Comparisons
Peer comparison for OTO
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Competitors of OTO
OTO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bajaj Auto Finance, Hinduja Leyland Finance, Mufin Green Finance, Bike Bazaar and CreditWise Capital, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Auto finance loans are provided for two-wheelers, three-wheelers, and cars.
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Vehicle and housing finance products are offered across India.
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Consumer and SME loans are provided in India.
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Online platform for buying and selling two-wheelers
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Provider of loans and vehicle-related services via digital platforms
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Detailed competitors of OTO
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Oto
Complete news archive for OTO
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Frequently Asked Questions about OTO
OTO was founded in 2018.
OTO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sumit Chhazed is the current CEO of OTO. They have also founded this company.
OTO is a funded company, having raised a total of $29.66M across 13 funding rounds to date.
As of Mar 21, 2024, the latest employee count at OTO is 199.
Annual revenue of OTO is $4.33M as on Mar 31, 2023.
OTO is established as Indias primary platform for discovering, researching, and purchasing bikes and scooters online. Two-wheeler loans are facilitated with EMIs up to 35 lower than traditional banks, alongside quick approval processes. Services are extended to outright purchases of two-wheelers at competitive prices. A dedicated platform for electric two-wheelers is also provided. Operations are conducted across multiple sectors including financial services and automotive retail, with solutions covering bike financing, test rides at customer locations, and home delivery. Services are available in over 22 cities across India.
OTO's top competitors include Hinduja Leyland Finance, CreditWise Capital and Bajaj Auto Finance.
OTO offers Two-Wheeler Loans, Two-Wheeler Purchase Platform, and Electric Two-Wheeler Loans.
OTO has 115 investors. Key investors include Angel List, Wellfound, Venture Catalysts, We Founder Circle, and Insight M.
The valuation of OTO is $42.3M as of Sep 2024.