Tech Company Financing Transactions
OTO Funding Round
OTO secured a $10 million funding round on 2/6/2024. Backers included GMO Venture Partners, 9Unicorns and private investors.
Transaction Overview
Company Name
Announced On
2/6/2024
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
GMO Venture Partners (Lead Investor)
private investors (KL Rahul)
Proceeds Purpose
The fresh proceeds will be used to expand OTO's presence to over 30 cities, support the transition to electric vehicles, and fortify existing partnerships.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Innov8, Boston House, 7th Floor, Suren Road, Chakala, Near W
Mumbai, Maharashtra, 400093
India
Mumbai, Maharashtra, 400093
India
Phone
Website
Email Address
Overview
OTO is a software platform that helps people to own or buy a car. The platform works in partnership with various banks and NBFCs to provide financing options to its customers. It also provides full auto lifecycle management, from credit underwriting to insurance, maintenance, and eventual resale of the vehicle.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Sumit Chhazed
Co-Founder
Harsh Saruparia
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We record every notable VC transaction. All VC database entries reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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