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OTO Capital

OTO Capital

OTO provides the customer with an affordable and convenient financing option to own a two-wheeler.

Mobility / Transportation, Automotive, FinTech

OTO Capital

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Basic Information

OTO provides the customer with an affordable and convenient financing option to own a two-wheeler. The company aims to provide clients with the hassle-free option to own a vehicle without much commitment. OTO Capital envisions redefining two-wheeler ownership and financing in India. Its platform enables customers with the most affordable and flexible financing plans to own a vehicle in partnership with various banks and NBFCs. With OTO, customers can get instant approval and buy their brand new vehicle in under 30 minutes with zero paperwork along with paying up to 30% less EMI. At the end of the chosen tenure, customers have the flexibility to walk away, or upgrade to another brand-new vehicle, or make a bullet payment to retain it.

Legal Name

:

1T9 Technology Private Limited

Headquarters

:

Mumbai, Maharashtra , India

Business Model

:

B2C, B2B2C

Founding Date

:

2018

No. of Employees

:

151 to 250

Core Team

:

1.

Harsh Saruparia

Co-Founder

2.

Sumit Chhazed

Co-Founder

Revenue Stream

Commission on transaction

Renting / Leasing

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Funding

Total Funding

$3.3M

Investors

:

1.

Ganesh Krishnan

2.

Venture Catalysts

3.

Prime Venture Partners

4.

500 Startups

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[Funding alert] Automotive financing startup OTO Capital raises $6M in Series A round led by Matrix Partners India

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OTO Capital raises Rs 5 crore; will focus on expanding car loan base

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