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
-
Sectors
Transportation, Automotive & Logistics
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Blubble Private Limited
- Date of Incorporation 07 Jul, 2021
- Jurisdiction Bangalore North, Karnataka, India
-
Annual Revenue
$146.2 K (USD)2300.3as on Mar 31, 2023
-
Net Profit
-$3.23 M (USD)-3015.55as on Mar 31, 2023
-
EBITDA
-$3.15 M (USD)-2804.27as on Mar 31, 2023
-
Total Equity Funding
$29.1 M (USD)
in 6 rounds
-
Latest Funding Round
$5.5 M (USD), Series A
Dec 25, 2025
-
Investors
Quona
& 33 more
-
Employee Count
151
as on Mar 31, 2024
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
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
Unlock access to complete
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.
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.
|
Locked | Locked | Locked | |
|
Private debt and equity funds are managed for technology sectors.
|
Locked | Locked | Locked | |
|
Government agency focused on small and medium-sized businesses
|
Locked | Locked | Locked |
Investor details for Turno
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Turno
Investment portfolio details for Turno
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Turno
Detailed financials for Turno
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Turno Comparisons
Peer comparison for Turno
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Turno
Detailed competitors of Turno
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Turno
Complete news archive for Turno
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.
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.
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.