About OTO
OTO is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2018 by Sumit Chhazed and Harsh Saruparia. It operates as a two-wheeler loans are provided via a fintech platform for purchases. It operates on a Brokerage / Intermediation and Two-Sided Marketplace model in Transportation, Automotive & Logistics and Financial Services sectors. OTO has raised $29.66 million across 13 funding rounds from investors including Angel List, Wellfound and Venture Catalysts. The company has 199 employees. OTO was last valued at $42.3 million in September 2024. Its chief executive is Sumit Chhazed. Its website otocapital.in draws about 90 thousand monthly visits. Its Indian entity 1T9 Technology Private Limited reported revenue of ₹43.50 Cr. OTO offers products and services including Two-Wheeler Loans, Two-Wheeler Purchase Platform, and Electric Two-Wheeler Loans. Its focus areas include Consumer Finance, Vehicle Financing, Retail and Automotive Retail. Its competitors include Bajaj Auto Finance, Hinduja Leyland Finance, Mufin Green Finance, Bike Bazaar and CreditWise Capital and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 199
- Founders Sumit Chhazed, Harsh Saruparia
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website otocapital.in
- Social LinkedIn X Facebook
- Legal Name Oto Capital
- Date of Incorporation 09 Apr, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹43.50 Cr
FY 2024 · +21% YoY
- Net Loss-₹35.86 Cr
FY 2024 · -82% margin
- EBITDA-₹25.76 Cr
FY 2024 · -59% margin
- Total Equity Funding$29.66M (USD)
in 13 rounds
- InvestorsAngel List
& 114 more
- Employee Count199
Associated legal entities of OTO
OTO operates through 1T9 Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| 1T9 Technology Private Limited CIN U50400MH2018PTC307759 | Active | 09 Apr 2018 | Mumbai, Maharashtra | ₹43.5 Cr | 224 | 2 | View details |
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.
- Total Funding $29.66M
- Total Rounds 13
- First Round $727,934
(Jul 2018)
- Investors Count 115
Latest 10 of 13 funding rounds of OTO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2024 | – | Series A | – | – | |
| Sep 2024 | $1.25M | Series A | $42.3M | Prime Venture Partners, Harsh Saruparia | |
| Jan 2024 | $2.38M | Series A | $42.21M | Prime Venture Partners, 100Unicorns | |
| May 2023 | $10M | Series A | – | GMO Venture Partners | |
| Aug 2022 | $629,120 | Debt – Venture | – | – | |
| Jul 2022 | $2.75M | Series A | $••••• | Stride Ventures | |
| Nov 2021 | $3.3M | Series A | $••••• | Z47 | |
| Jun 2021 | $6M | Series A | $••••• | Z47 | |
| Dec 2020 | $1.87M | Seed | $••••• | Venture Catalysts | |
| Sep 2019 | $1.39M | Seed | $••••• | Prime Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $42.3M | •••••••• |
| Jan 2024 | $42.21M | •••••••• |
| Jul 2022 | $••••• | •••••••• |
| Nov 2021 | $••••• | •••••••• |
| Jun 2021 | $••••• | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| Sep 2019 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
Full valuation and stage history of OTO
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $42.3M (Sep 2024). 115 investors in total: 58 institutional and 57 angel.
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 |
|---|---|---|---|---|
Venture capital fund focused on tech startups | – | primevp.in | Bengaluru, India | |
Venture capital investment firm | – | z47.com | Bengaluru, India | |
Startups are matched with investors via an online investment platform. | 2021 | invstt.com | Mumbai, India | |
Venture capital financing and ecosystem support for early-stage startups globally. | 2019 | turbostart.co | - | |
Early-stage tech ventures in the US and Asia are funded. | – | gmo-vp.com | Shibuya, Japan | |
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Early-stage investments are targeted by the venture capital firm. | – | potential.ventures | London, United Kingdom | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital firm focused on multiple sectors | – | telamainvestments.tcc.mode | Bengaluru, India | |
Venture capital is invested in FinTech sectors by the firm. | – | pivotinvestment.com | New York, United States |
Investor details for OTO
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of 1T9 Technology Private Limited (OTO)
1T9 Technology Private Limited is the primary company behind OTO. The board of 1T9 Technology Private Limited currently have 2 directors; the longest-serving is Harsh Saruparia, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harsh Saruparia DIN 08106532 | Director | 09 Apr 2018 | 8 yrs 6 mo | 1T9 Technology Private Limited |
| Sumit Chhazed DIN 03300948 | Director | 09 Apr 2018 | 8 yrs 6 mo | 1T9 Technology Private Limited |
People of OTO
2 people are tracked at OTO (2 in leadership); the tracked headcount is 199.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for OTO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of OTO
Figures of 1T9 Technology Private Limited, the primary company behind OTO, for FY 2024. Revenue was ₹43.50 Cr (+21% year on year). Net loss was -₹35.86 Cr (-82% margin). EBITDA was -₹25.76 Cr (-59% margin). Revenue has grown at a compounded annual rate of +90% over three years and +167% over five years.
- ₹43.50 CrRevenue · FY 2024 · +21% YoY
- -₹35.86 CrNet loss · -82% margin
- -₹25.76 CrEBITDA · -59% margin
- ₹15.5 LakhPaid-up capital
- 224Employees (provident fund records)
- +90%Revenue CAGR, 3 years
- +167%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of 1T9 Technology Private Limited are on its company page.
Detailed financial statements for OTO
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of OTO
4 dated milestones of OTO across 6 years, from founding to its latest funding, stage changes and deals.
- Founded OTO is founded.
- Funding First funding round of $728K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
Competitors of OTO
OTO has 9 listed competitors in our database, 6 of them funded. They include Bajaj Auto Finance, Hinduja Leyland Finance, Mufin Green Finance, Bike Bazaar and CreditWise Capital, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bajajautofinance.com | 1987 | Pune, India | $10M | 109,163 | Auto finance loans are provided for two-wheelers, three-wheelers, and cars. | |
| hindujaleylandfinance.com | 2008 | Chennai, India | $276.07M | 14,664 | Vehicle and housing finance products are offered across India. | |
| mufingreenfinance.com | 2016 | Delhi, India | – | 476 | Consumer and SME loans are provided in India. | |
| bikebazaar.com | 2017 | Pune, India | $65.78M | 1,838 | Online platform for buying and selling two-wheelers | |
| creditwisecapital.com | 2018 | Mumbai, India | $36.45M | 595 | Provider of loans and vehicle-related services via digital platforms | |
| kogta.in | 1996 | Jaipur, India | $327.9M | 5,940 | MSME loans, vehicle financing, and property-secured loans are provided. | |
| armanindia.com | 1992 | Ahmedabad, India | – | 1,125 | Auto loans are provided through financial services in India. | |
| mahaveerfinance.com | 1981 | Chennai, India | $30.91M | 629 | Automotive loans and asset finance services are offered to clients. | |
| akasafin.com | 1995 | Noida, India | – | 643 | Loans for vehicles, businesses, personal needs, and properties are provided. |
Detailed competitors of OTO
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of OTO
The website of OTO (otocapital.in) receives about 89.7K visits a month and ranks #433,108 among all websites worldwide, #1,083 in Accounting and Auditing.
- Monthly visits89.7K
▼ 6.5% vs previous month
- Unique visitors56.6K
per month
- Global rank#433,108
among all websites
- Category rank#1,083
Finance · Accounting and Auditing
- Bounce rate48%
- Pages per visit1.6
- Average visit1 min 07 sec
- DevicesDesktop 8% · Mobile 92%
Websites whose visitors overlap most with OTO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gaadibazaar.in | 100% | 342.3K | #135,352 | View details | |
vehicleinfo.app | vehicleinfo.app | 100% | – | #33,465 | – |
| ecofy.co.in | 100% | 16.4K | #441,684 | View details | |
| smfgindiacredit.com | 100% | – | #102,940 | View details | |
| bajajmall.in | 75% | 7.2K | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for OTO
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as OTO (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.85 B | – | 11 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Oto
Complete news archive for OTO
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Articles about OTO on our blog
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. The company's 1st funding round was a Seed of $1.39M, raised on Jul 2018.
OTO has 199 employees.
The primary company behind OTO, 1T9 Technology Private Limited, reported revenue of ₹43.50 Cr for FY 2024, up 21% year on year.
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.
OTO operates through 1T9 Technology Private Limited.