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OTO Funding: Responding to evolving consumer demands, OTO introduced its Super EMI plan, reducing two-wheeler EMIs by up to 30% while granting customers the flexibility to upgrade or retain their vehicles at the end of the term.
OTO will use the funds raised to scale up its operations from 10 cities to 25 in the next 18 months, while increasing the number of vehicle bookings it facilitates from 5,000 per month to 15,000 per month, chief executive and cofounder Sumit Chhazed said.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Get latest articles and stories on Business at LatestLY. Bangalore (Karnataka) [India], July 19: Fraud and identity decisioning platform Bureau announced today that it has raised an additional USD 4.5M from GMO VenturePartners, GMO Payment Gateway, and existing investors to complete its series A funding round at USD 16.5M. With the completion of the latest round, total funding for the startup has reached USD 20.5M to date. Business News | Fraud and Identity Platform Bureau Extends Series A Funding to USD 16.5M with GMO VenturePartners as It Scales Globally.
Bureau has completed its Series A funding round while Dunzo is planning to raise about $20 million more from its largest shareholder.