About Turno
Turno is a company based in Bengaluru (India) founded in 2021 by Sudhindra Reddy and Hemanth Aluru. It operates as a Two-Sided Marketplace and Brokerage / Intermediation. 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 as of March 31, 2024. Turno offers products and services including Electric Commercial Vehicles, Vehicle Financing, and Test Drive Services.
- Headquarter Bengaluru, India
- Employees 151 as on 31 Mar, 2024
- Founders Sudhindra Reddy, Hemanth Aluru
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Blubble Private Limited
- Date of Incorporation 07 Jul, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$146.2 K (USD)2300.3as on Mar 31, 2023
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Net Profit
-$3.23 M (USD)-3015.55as on Mar 31, 2023
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EBITDA
-$3.15 M (USD)-2804.27as on Mar 31, 2023
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Total Equity Funding
$29.1 M (USD)
in 6 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Dec 25, 2025
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Investors
Quona
& 33 more
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Employee Count
151
as on Mar 31, 2024
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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.
People of Turno
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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 Total Funding
- Total Rounds 6
- Last Round Series A — $5.5M
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First Round
First Round
(15 Feb 2022)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Turno | Valuation | Stellaris Venture Partners | |
| Jul, 2024 | Amount | Series A - Turno | Valuation | Alteria Capital , Trifecta Capital |
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| Apr, 2024 | Amount | Series A - Turno | Valuation | British International Investment |
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 |
|---|---|---|---|---|
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location |
Investments & Acquisitions by Turno
Financial Statements - Turno
Turno Comparisons
Competitors of Turno
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 Series A of $6M, raised on Feb 15, 2022.
As of Mar 31, 2024, the latest employee count at Turno is 151.
Annual revenue of Turno is $146.2K as on Mar 31, 2023.
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.