Biography of Harsh Saruparia: Co-founder of OTO Capital- Entrepreneur

 Biography of Harsh Saruparia: Co-founder of OTO Capital- Entrepreneur

Story of Harsh Saruparia and OTO Capital

Harsh Saruparia, the Co-founder of OTO Capital, has a notable professional background marked by his experience across several industries. Before launching OTO Capital, Harsh worked with prominent companies like FlexiLoans, CredR, Housing.com, and Fractal Analytics. His career has been defined by a series of strategic roles that leveraged his skills in product management, business intelligence, and analytics.

Founding OTO Capital

In April 2018, Harsh Saruparia co-founded OTO Capital with Sumit Chhazed. OTO Capital is a startup based in Mumbai that aims to transform vehicle ownership in emerging markets. The company introduces a novel approach to buying vehicles. Customers can walk into a showroom and drive away with a vehicle within just 30 minutes, requiring only a minimal upfront payment. Additionally, the payment structure allows customers to pay up to 30% less than traditional methods, with flexible month-to-month payments and options to either upgrade or own the vehicle at the end of the term.

Innovative Vehicle Ownership Model

OTO Capital’s vision is to redefine vehicle ownership by making it more accessible and affordable. Their model provides a cost-effective alternative to conventional bank loans. Customers benefit from a more manageable EMI (Equated Monthly Installment) plan, and the opportunity to purchase the vehicle outright or upgrade to a new one once the lease term concludes. This approach caters to a market that increasingly values flexibility and affordability in vehicle financing.

Early Career at FlexiLoans

Before his venture into OTO Capital, Harsh served as a Product Manager at FlexiLoans from November 2017 to April 2018. In this role, he contributed to refining financial products and improving the customer experience. His efforts in product management were instrumental in shaping the company’s approach to lending.

 Biography of Harsh Saruparia: Co-founder of OTO Capital- Entrepreneur/ Startup/Success story of Harsh Saruparia/vehicle ownership/Age/Net worth/Story

Key Achievements at CredR

Harsh’s tenure at CredR from March 2016 to November 2017 was marked by significant contributions to their product development and business operations. He played a crucial role in developing the CredR Connect app, an inventory management system for CredR partners. His work involved integrating the app with VAHAN to streamline vehicle verification during auctions, implementing a surge pricing model, and creating a comprehensive offer management system, which boosted revenue and lead generation substantially.

Impact at Housing.com

Harsh's role at Housing.com as a Business Intelligence Specialist from January to September 2015 was equally impactful. He worked directly with the COO to enhance operational efficiency and performance tracking. His recommendations led to an increase in the listing of flats and improved the efficiency of data collectors, significantly boosting the company's operational capacity.

Analytics Experience at Fractal Analytics

Harsh’s career also includes valuable experience as a Senior Analyst at Fractal Analytics. His role involved analyzing market trends and product performance for a major Fortune 200 company. He developed pricing solutions, conducted market mix modeling, and automated reporting processes, saving considerable time and effort. His work in creating dashboards and optimizing business review processes highlighted his expertise in data analysis and automation.

Early Internships and Foundation

Harsh's initial professional experiences included internships at Bechtel Corporation and Jaypee India Ltd. During these internships, he worked on significant projects like the design of Muscat International Airport and quality checks for construction projects. These early roles provided him with a strong foundation in engineering and project management.

Funding and Growth of OTO Capital

OTO Capital's innovative approach has attracted significant attention and investment. In a recent development, the startup raised ₹10 crore from venture partners to expand its operations. This funding will help OTO Capital enhance its market presence and accelerate its growth. The company aims to increase its leasing volume, expand to more cities, and forge new partnerships with automotive dealers and financial institutions.

Expanding Market Reach

With the new funding, OTO Capital plans to lease out over 40 cars per month and aims to grow its sales by tenfold by early 2020. The company is also set to expand to ten more cities across India, furthering its mission to provide flexible and affordable vehicle ownership solutions.

Future Vision and Competitive Landscape

Sumit Chhazed and Harsh Saruparia’s vision for OTO Capital reflects a growing trend towards flexible vehicle ownership solutions. The company's approach stands out in a market where traditional car leasing and buying options are being challenged by newer, more flexible models. OTO Capital's innovative financing solutions offer customers a practical alternative to conventional methods, catering to a shifting market landscape that increasingly values flexibility and affordability.

Timeline for Harsh Saruparia’s story

Nov 2017 - Apr 2018: Product Manager at FlexiLoans, refining financial products.

Mar 2016 - Nov 2017: Key role at CredR, developed CredR Connect app and revenue-boosting systems.

Jan - Sep 2015: Business Intelligence Specialist at Housing.com, improved operational efficiency.

Senior Analyst at Fractal Analytics: Analyzed market trends, developed pricing solutions.

Internships (Bechtel & Jaypee): Gained engineering and project management experience.

Apr 2018: Co-founded OTO Capital with Sumit Chhazed to innovate vehicle ownership.

Recent Funding: Raised ₹10 crore to expand operations and market reach.

Growth Targets: Aims to lease 40 cars per month and expand to 10 more cities by early 2020.

 Biography of Harsh Saruparia: Co-founder of OTO Capital- Entrepreneur/ Startup/Success story of Harsh Saruparia/vehicle ownership/Age/Net worth/Story