Consumertech startup Speedioo has raised Rs 10 crore in a seed funding round led by Atomic Capital. The startup will use the raised capital toward building its AI-native technology stack, expanding distribution across key demand centres in India, deepening its partnerships with OEMs as a key growth driver, and scaling its dealer partner and retail network. As a part of its expansion strategy, it also plans to grow its retail footprint across cities through a scalable franchise model aimed at strengthening its supply & operational Infrastructure, along with expanding its senior leadership team.

The startup plans to integrate its value chain end to end with the AI enabled platform to transform core processes including procurement, price discovery, vehicle assessment and selling price by leveraging new age AI capabilities. It aims to expand its distribution network into top 3 – 4 cities and deepen its retail footprint through a scalable franchise-led model.

"Our vision is to build India's most trusted omnichannel and technology-driven platform in this category by combining deep operational execution with innovative product and technology infrastructure. While Tier 1 markets remain important, we strongly believe the real long-term opportunity lies across Tier 2, 3 and 4 India, where accessibility and affordability matter even more."

Speedioo claims to have crossed Rs 30 crore in GMV and has sold over 4000 vehicles in the last year. The startup also established strategic partnerships with EV brands for exclusive exchange programs, 200+ active dealers across Bengaluru, Mumbai and Pune, Speedioo aims to grow this by 10X in the coming year. As a part of its growth phase, Speedioo aims to cross Rs 100 crore ARR while expanding its presence in new markets. This includes diversifying sourcing channels across interstate and intracity markets, strengthening OEM relationships, expanding dealer penetration, introducing financing and warranty products, opening additional retail stores, and entering new Tier 1, 2, 3, and 4 markets.

About Speedioo

Speedioo has been Co-founded by Sagar Potphode and Ajit Deshmukh. Speedioo is building an integrated omnichannel platform across procurement, pricing, refurbishment, supply chain and customer experience to make used two-wheeler ownership more accessible, reliable and transparent for Indian consumers.