OTO Raises USD 10 Million From K L Rahul, Investors
Feb 06, 2024 12:56
Digital commerce platform OTO secures USD 10 million funding led by GMO Venture Partners, with participation from cricketer K L Rahul and others, to expand its presence and transition to electric vehicles.
Mumbai, Feb 6 (PTI) Digital commerce platform OTO on Tuesday said it raised USD 10 million (around Rs 83 crore) from a clutch of investors, including cricketer K L Rahul.
The fresh funding was led by GMO Venture Partners with participation from Turbostart, cricketer K L Rahul and a few other family offices as well as existing investors Prime Venture Partners, Matrix Partners, and 9Unicorns funds, OTO said.
The investment is aimed at expanding the company's presence to over 30 cities and strengthening its existing partnerships.
"OTO has recently raised funding of USD 10 million," the platform said.
The latest funds will strategically expand OTO's presence to over 30 cities, support the transition to electric vehicles, and fortify existing partnerships, it added.
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