Speedioo raises Rs 10 crore seed funding led by Atomic Capital
According to the startup, Speedioo has crossed Rs 30 crore in gross merchandise value (GMV) and sold more than 4,000 vehicles over the past year.
Consumer technology startup Speedioo has raised Rs 10 crore in a seed funding round led by Atomic Capital.
The company will utilise the fresh capital to build its AI-powered technology infrastructure, expand its distribution network across key Indian markets, strengthen OEM partnerships, grow its dealer and retail ecosystem, and expand its leadership team. The startup also plans to scale its offline presence through a franchise-led retail model.
Co-founded by Sagar Potphode and Ajit Deshmukh, Speedioo is building an omnichannel platform for the used two-wheeler market by integrating vehicle procurement, pricing, refurbishment, supply chain management, and customer experience into a unified technology-driven ecosystem.
The startup aims to address challenges in India’s pre-owned two-wheeler market, including fragmented supply chains, inconsistent pricing, lack of vehicle transparency, and limited access to reliable after-sales support.
Speedioo is leveraging artificial intelligence across multiple operational areas, including vehicle sourcing, inspection and assessment, price discovery, and resale value prediction. The company intends to use technology to improve efficiency across the entire used vehicle lifecycle.
As part of its expansion strategy, Speedioo plans to enter three to four additional major cities while strengthening its retail network through franchise partnerships. It is also focusing on building deeper collaborations with original equipment manufacturers (OEMs) for exchange programmes and customer acquisition.
According to the startup, Speedioo has crossed Rs 30 crore in gross merchandise value (GMV) and sold more than 4,000 vehicles over the past year. The company currently works with over 200 active dealers across Bengaluru, Mumbai, and Pune and aims to significantly expand this network over the next year.
The startup is also exploring additional offerings, including financing options, warranty products, and other ownership services to create a more comprehensive used two-wheeler ownership ecosystem.