Consumer-Tech platform Speedioo has raised ₹10 crore in a seed round led by Atomic Capital. This marks the company's first institutional fundraise, with the capital set to be used towards 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, Speedioo 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 company 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. Speedioo aims to expand its distribution network into the top 3-4 cities and deepen its retail footprint through a scalable franchise-led model. Co-founded by Sagar Potphode and Ajit Deshmukh, both former senior operators at CredR and Rentomojo, Speedioo has grown more than 5X in topline over the last 12 months while staying EBITDA and cash flow positive, a rare combination in a category that has historically been built on heavy capital burn. Speedioo has crossed Rs 30 crore in GMV and has sold over 4000 vehicles in the last year with a sharpening focus on high-end models reflecting thepremiumization tailwinds among aspirational customers within the second-hand category. With strategic partnerships with leading EV brands for exclusive exchange programs, 200+ active dealers across Bangalore, 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 ₹100 crore ARR while expanding its presence in new markets where demand for trusted mobility solutions continues to rise.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. Speedioo's expansion strategy is anchored on three pillars: supply, demand, and channel expansion. The Company plans to diversify its acquisition channels, aggressively go behind the rapidly emerging EV resale ecosystem, where significant whitespace opportunity exists and doubling down on dealer partner penetration in existing cities, where current penetration remains limited. As part of its channel expansion, Speedioo plans to open new retail stores across existing markets and enter 2-3 new cities in this financial year. The Company will also invest in building large-scale customer experience and fulfilment capabilities, which will be backed by technology-led operational infrastructure. India's used two-wheeler market is estimated at approximately $28 billion in size and is roughly 1.5X
