OTO

Financial platform enabling commerce specifically tailored for two-wheeler purchases and transactions

PROPOSITION

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.