# OTO Capital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oto-capital

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.otocapital.in
- Total disclosed funding: $13M
- Latest round: Series B (Feb 6, 2024)
- Investors on record: 8

## About

Based in Mumbai, India, and founded in 2018 by Harsh Saruparia and Sumit Chhazed, 1T9 Technology Private Limited, d.b.a. OTO Capital operates as a provider of a digital commerce and lending platform that allows users to discover and purchase bikes and scooters from different brands. The platform also provides flexible loan plans, and the option to upgrade anytime. In February 2024, 1T9 Technology Pvt Ltd raised USD 10 million in a Series B led by GMO VenturePartners, with participation from Turbostart Global Events LLP, Prime Venture Partners, Matrix Partners, and 9Unicorns.

OTO Capital offers a platform for bike and scooter loans, providing loans for purchasing bikes and scooters. The platform also facilitates outright purchases and home delivery of two-wheelers. OTO enables users to explore and purchase two-wheelers online from all major brands such as Hero, Bajaj, Suzuki, Honda, TVS, Royal Enfield, Yamaha, KTM, and Jawa.

The company plans to use its proceeds from February 2024 funding to strengthen current alliances, increase its visibility, and aid in the switch to electric vehicles.

## Funding rounds

- Series B, Feb 6, 2024, $10M — Matrix Partners, Prime Venture Partners, GMO VenturePartners, Turbostart, 100Unicorns
- Seed, Dec 22, 2020, $1.2M — SeaBright Capital, 500 Global, Venture Catalysts
- Seed, Sep 13, 2019, $1.4M — SeaBright Capital, Prime Venture Partners, Venture Catalysts

## Investors

- SeaBright Capital (https://capitalatlas.ai/funds/seabright-capital) — Seed
- Prime Venture Partners (https://capitalatlas.ai/funds/prime-venture-partners) — Seed, Series B
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series B
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series B
- Turbostart (https://capitalatlas.ai/funds/turbostart) — Series B
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Series B