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Car Financing Startup Oto Capital Raises Seed Funding From Vcats

by techcircle.vccircle.com posted 3months ago 85 views
Mumbai-based OTO Capital, an automotive fintech venture, has raised Rs 5 crore ($700,564.65 at current exchange rate) in its seed funding round led by incubation platform Venture Catalysts, a company statement said. K Ganesh, founder of home healthcare service startup Portea, and Sameer Sawhney, a banking veteran, are among the angel investors who participated in the round. The startup will use the capital to expand its market, build awareness among customers about the concept of financing and to develop its proprietary analytics system, Sumit Chhazed, co-founder and chief executive of the venture, told TechCircle. Run by 1T9 Technology Pvt.