E-commerce & Fintech
OTO
Financial platform enabling commerce specifically tailored for two-wheeler purchases and transactions
- Founded
- 2018
- Misfits invested
- 2023
- Founders
- Sumit Chhazed, Harsh Saruparia
- Co-investors
- Better Capital, Prime Venture Partners
The company
Founded by Sumit Chhazed (ex-Founder, CredR) and Harsh Saruparia, and backed by Prime Venture Partners and Matrix Partners, OTO is digitally reimagining the customer experience of purchasing a new-2W (both IC and EV) with its commerce enabled finance platform. CCPS with following termsValuation Cap - Rs. 480 CrDiscount % - Contingent on when the Series B round is raised.1. 10% discount if round is raised prior to Jan 31st, 20232. 20% discount if round is raised after Jan 31st, 2023 but on or prior to Apr 30th, 20233. 25% discount if round is raised after Apr 30th, 2023Subject to investment round of atleast Rs. 80 cr including this bridge round.
Company facts as published by Misfits. Past investments are not a promise of future returns.
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