OTO Capital, a two-wheeler buying and financing startup, has raised Series A funding of $6 million in a round led by Matrix Partners India.
The round also included participation from existing and new investors such as Prime Venture Partners, 9Unicorns, Better Capital, and marquee angel investors like Asish Mohapatra of OfBusiness, Ramakant Sharma of Livspace, Kunal Shah, K Ganesh, and Ashneer & Suhail of BharatPe.
OTO said it will use the funding to scale its user base and to become the default app for two-wheeler buying and financing for 20 million Indians who purchase two-wheelers every year.
