About Turno
Turno is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2021 by Sudhindra Reddy and Hemanth Aluru. It operates as a commercial electric vehicles are offered through an online marketplace. It operates on a Two-Sided Marketplace and Brokerage / Intermediation model. Turno has raised $29.1 million across 6 funding rounds from investors including Quona, Alteria Capital and Stellaris Venture Partners. The company has 151 employees. Turno was last valued at $70.63 million in July 2024. Its chief executive is Hemanth Aluru. Its website turno.club draws about 14 thousand monthly visits. Its Indian entity Blubble Private Limited reported revenue of ₹22.19 Cr. Turno offers products and services including Electric Commercial Vehicles, Vehicle Financing, and Test Drive Services. Its focus areas include Automotive, Electric Vehicles and Commercial Vehicles.
Company details
Turno is established as a leading platform for electric commercial vehicles in India. A wide range of electric cargo and passenger vehicles from manufacturers like Mahindra, Piaggio, and Euler are offered. Services including financing, test drives, and assured resale are provided to customers. Operations are conducted across multiple states such as Karnataka, Delhi, and Maharashtra. Solutions are tailored for businesses seeking sustainable transport options in the commercial sector.
- Headquarters Bengaluru, India
- Employees 151
- Founders Sudhindra Reddy, Hemanth Aluru
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website turno.club
- Social LinkedIn X Facebook
- Legal Name Blubble Private Limited
- Date of Incorporation 07 Jul, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹22.19 Cr
FY 2025 · +243% YoY
- Net Loss-₹30.37 Cr
FY 2025 · -137% margin
- EBITDA-₹23.63 Cr
FY 2025 · -107% margin
- Total Equity Funding$29.1M (USD)
in 6 rounds
- Latest Funding Round$5.5M (USD), Series A
Dec 2025
- InvestorsQuona
& 33 more
- Employee Count151
Associated legal entities of Turno
Turno operates through Blubble Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Blubble Private Limited CIN U29299KA2021PTC149203 | Active | 07 Jul 2021 | Bangalore, Karnataka | ₹22.2 Cr | 151 | 4 | View details |
Products & Services of Turno
Turno offers a comprehensive portfolio of products and services, including Electric Commercial Vehicles, Vehicle Financing, and Test Drive Services.
Electric vehicles for commercial use are offered widely.
Financing options for electric vehicles are provided here.
Free doorstep test drives are arranged for customers.
Funding Insights of Turno
Turno has successfully raised a total of $29.1M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5.5 million completed in December 2025. 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 $29.1M
- Total Rounds 6
- Last Round Series A — $5.5M
- First Round $3.1M
(Feb 2022)
- Investors Count 34
All 6 funding rounds of Turno 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 |
|---|---|---|---|---|---|
| Dec 2025 | $5.5M | Series A | – | Stellaris Venture Partners | |
| Jul 2024 | $287,496 | Series A | $70.63M | Alteria Capital, Trifecta Capital | – |
| Apr 2024 | $6M | Series A | $70.5M | British International Investment | |
| Jun 2023 | $412,529 | Series A | $••••• | Stellaris Venture Partners, Innoven Capital | |
| Jun 2022 | $13.8M | Series A | – | Quona, B Capital | |
| Feb 2022 | $3.1M | Seed | $••••• | Stellaris Venture Partners, Avaana Capital Advisors |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $70.63M | •••••••• |
| Apr 2024 | $70.5M | •••••••• |
| Jun 2023 | $••••• | •••••••• |
| Jun 2022 | $••••• | •••••••• |
| Feb 2022 | $••••• | •••••••• |
Full valuation and stage history of Turno
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 $70.63M (Jul 2024). 34 investors in total: 10 institutional and 24 angel.
Investors in Turno
Turno has secured backing from 34 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Quona, Alteria Capital and Stellaris Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Private debt and equity funds are managed for technology sectors. | – | trifectacapital.in | Gurugram, India | |
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | - | |
Venture capital firm investing in early-stage startups across fintech, software, and other sectors. | 2016 | stellarisvp.com | Bengaluru, India | |
Multistage investments are directed toward technology, healthcare, and climate sectors. | – | b.capital | Manhattan Beach, United States | |
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Avaana Capital is engaged in venture capital investments for deep tech startups. | – | avaanacapital.com | Mumbai, India | |
Early-stage investments are targeted by Vigeo Ventures venture capital firm. | – | vigeoventures.tcc.mode | Mumbai, India | |
Investment bank focused on M&A and capital raising services | – | calabasascapital.com | Calabasas, United States |
Investor details for Turno
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 Blubble Private Limited (Turno)
Blubble Private Limited is the primary company behind Turno. The board of Blubble Private Limited currently have 4 directors; the longest-serving is Sudhindra Reddy Pidapa, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sudhindra Reddy Pidapa DIN 08393062 | Director | 07 Jul 2021 | 5 yrs 3 mo | Blubble Private Limited |
| Hemanth Kumar Aluru DIN 07222214 | Director | 07 Jul 2021 | 5 yrs 3 mo | Blubble Private Limited |
| Varun Malhotra DIN 09023071 | Nominee Director | 05 Jan 2023 | 3 yrs 9 mo | Blubble Private Limited |
| Ritesh Banglani DIN 02129763 | Nominee Director | 18 Jul 2024 | 2 yrs 2 mo | Blubble Private Limited |
People of Turno
32 people are tracked at Turno (13 in leadership, 19 in team); the tracked headcount is 151.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Ankush Bansal | Head - HR & Admin | Leadership |
Neha Jain | Head Of Finance | Leadership |
Snehith Galla | Head Of New Initiatives (new Products | Growth | Revenue | Expansion) | Leadership |
Govardhan K | National Head Sales And Service | Leadership |
Varun Nair | Business Head | Leadership |
Indramani Shukla | Channel Head | Leadership |
Shouri Chikkerur | Business Head - Electrigo | Leadership |
Nadeem Sayyed | Regional Head | Leadership |
Dharani Kumar | Associate Director - Pre Sales | Leadership |
Akshay Krishna | City Head | Leadership |
BABU P | Regional Head ( South ) | Leadership |
Bhagyalaxmi Nayak | Senior Executive Human Resources | Team |
Sudharshan T S | Core Team - Human Resources | Team |
Mohan Gangera Ashoka | Team Lead | Team |
Kiran Gowda | Talent Acquisition Specialist | Team |
Naveen Gowda | Credit Officer | Team |
Ravi Tanwar | Cluster Manager | Team |
Nagendra Panchal | Finance Manager | Team |
12 more people are available in the full profile.
Complete people profiles for Turno
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 Turno
Figures of Blubble Private Limited, the primary company behind Turno, for FY 2025. Revenue was ₹22.19 Cr (+243% year on year). Net loss was -₹30.37 Cr (-137% margin). EBITDA was -₹23.63 Cr (-107% margin). Revenue has grown at a compounded annual rate of +659% over three years.
- ₹22.19 CrRevenue · FY 2025 · +243% YoY
- -₹30.37 CrNet loss · -137% margin
- -₹23.63 CrEBITDA · -107% margin
- ₹5 LakhPaid-up capital
- 151Employees (provident fund records)
- +659%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Blubble Private Limited are on its company page.
Detailed financial statements for Turno
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 Turno
4 dated milestones of Turno across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Turno is founded.
- Funding First funding round of $3.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $5.5M.
Web traffic of Turno
The website of Turno (turno.club) receives about 14.5K visits a month and ranks #256,133 among all websites worldwide, #1,844 in Business Services.
- Monthly visits14.5K
▼ 57.8% vs previous month
- Unique visitors9.7K
per month
- Global rank#256,133
among all websites
- Category rank#1,844
Business and Consumer Services · Business Services
- Bounce rate30%
- Pages per visit68.8
- Average visit32 min 21 sec
- DevicesDesktop 57% · Mobile 43%
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Turno (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
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 | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Turno
Turno was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Turno is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Hemanth Aluru is the current CEO of Turno. They have also founded this company.
Turno is a funded company, having raised a total of $29.1M across 6 funding rounds to date. The company's 1st funding round was a Seed of $3.1M, raised on Feb 2022.
Turno has 151 employees.
The primary company behind Turno, Blubble Private Limited, reported revenue of ₹22.19 Cr for FY 2025, up 243% year on year.
Turno is established as a leading platform for electric commercial vehicles in India. A wide range of electric cargo and passenger vehicles from manufacturers like Mahindra, Piaggio, and Euler are offered. Services including financing, test drives, and assured resale are provided to customers. Operations are conducted across multiple states such as Karnataka, Delhi, and Maharashtra. Solutions are tailored for businesses seeking sustainable transport options in the commercial sector.
Turno offers Electric Commercial Vehicles, Vehicle Financing, and Test Drive Services.
Turno has 34 investors. Key investors include Quona, Alteria Capital, Stellaris Venture Partners, British International Investment, and InnoVen Capital.
The valuation of Turno is $70.63M as of Jul 2024.
Turno operates through Blubble Private Limited.
The legal entities of Turno currently have 4 directors, including Sudhindra Reddy Pidapa, Ritesh Banglani, Hemanth Kumar Aluru and others.