Used two-wheeler marketplace Vutto raises $7 Mn in Series A round led by RTP Global

Used two-wheeler marketplace Vutto has raised $7 million (around Rs 61.4 crore) in a Series A funding round led by RTP Global along with participation from existing investor Blume Ventures.

Prior to this funding round, the Delhi-based startup had raised a seed funding of $1 million from Blume Ventures and a host of angel investors.

The proceeds will be utilized to expand its footprint across Delhi NCR, enter new cities, and strengthen its core operations like supply, refurbishment, and customer service capabilities, Vutto said in a press release.