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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 13
- Last Round Last Round
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First Round
First Round
(10 Jul 2018)
- Investors Count 115
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - OTO | Valuation |
investors |
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| Sep, 2024 | Amount | Series A - OTO | Valuation | Prime Venture Partners , Harsh Saruparia | |
| Jan, 2024 | Amount | Series A - OTO | Valuation | Prime Venture Partners , 100Unicorns |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Startups are matched with investors via an online investment platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OTO
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OTO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oto Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Auto finance loans are provided for two-wheelers, three-wheelers, and cars.
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| domain | founded_year | HQ Location |
Vehicle and housing finance products are offered across India.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided in India.
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| domain | founded_year | HQ Location |
Online platform for buying and selling two-wheelers
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| domain | founded_year | HQ Location |
Provider of loans and vehicle-related services via digital platforms
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oto
Frequently Asked Questions about OTO
When was OTO founded?
OTO was founded in 2018.
Where is OTO located?
OTO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of OTO?
Sumit Chhazed is the current CEO of OTO. They have also founded this company.
Is OTO a funded 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 Series A of $2.38M, raised on Jul 10, 2018.
How many employees does OTO have?
As of Mar 21, 2024, the latest employee count at OTO is 199.
What is the annual revenue of OTO?
Annual revenue of OTO is $4.33M as on Mar 31, 2023.
What does OTO do?
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.
Who are the top competitors of OTO?
OTO's top competitors include Hinduja Leyland Finance, CreditWise Capital and Bajaj Auto Finance.
What products or services does OTO offer?
OTO offers Two-Wheeler Loans, Two-Wheeler Purchase Platform, and Electric Two-Wheeler Loans.
Who are OTO's investors?
OTO has 115 investors. Key investors include Angel List, Wellfound, Venture Catalysts, We Founder Circle, and Insight M.
What is OTO's valuation?
The valuation of OTO is $42.3M as of Sep 2024.
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