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VC-backed two-wheeler lender OTO eyes larger cheque

VCCircle · 5m

OTO Capital, a two-wheeler-focused lender, is reportedly in early discussions with major venture capital and growth funds for its upcoming funding round. The company aims to secure an investment amounting to double its previous round. The last known funding round was $10 million. Co-founders Harsh Saruparia and Sumit Chhazed are steering the company through this phase, as they seek more significant financial backing to expand their operations and market reach.