OTO Raises USD 10 Million From K L Rahul, Investors
By Rediff Money Desk, MUMBAI 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.
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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.57 ( -9.52)
- 60265410
- Vodafone Idea L
- 8.27 (+ 0.73)
- 44071594
- YES Bank Ltd.
- 17.67 ( -0.56)
- 16081247
- G G Engineering
- 1.06 ( -4.50)
- 15019273
- Remedium Lifecare
- 3.97 (+ 4.75)
- 11827509
MORE NEWS

360 ONE Asset to Invest in Bharti AXA Life...
360 ONE Asset acquires a 15% stake in Bharti AXA Life Insurance, aiming to boost growth...
TRAI Recommends Network Authorisation...
TRAI recommends network authorisations under the Telecom Act 2023, outlining fees and...

CCI Draft Regulations: Cost of Production &...
The Competition Commission of India (CCI) has released draft regulations for...