C2C marketplace Vingo raises Rs 10 crore in seed round led by IndiaQuotient; Inuka Capital and Credgenics' Rishabh Goel also participate

Vingo, founded in March 2026 by engineering students from BITS Pilani and IIT Delhi, has raised Rs 10 crore in seed funding to enhance its consumer-to-consumer marketplace for pre-owned goods. The funding round was led by IndiaQuotient, with participation from Inuka Capital and Rishabh Goel, co-founder of Credgenics.¹²⁴⁵

The startup aims to utilize the funds to develop its product, strengthen its trust infrastructure, and conduct research into user behavior. Vingo's platform, available on both the Google Play Store and Apple App Store, currently operates in Bengaluru and focuses on categories such as smartphones, cameras, gaming consoles, and fashion.³⁶

“Consumer-to-consumer commerce is increasingly becoming a way for people to own products they may not otherwise buy new,” said Parth Sarthi, co-founder of Vingo. The platform combines identity verification, community-led discovery, and escrow-backed payments to address trust issues between buyers and sellers.

Research and Markets estimates that India’s recommerce market will reach $5.91 billion by 2026 and grow to $8.61 billion by 2030, indicating a significant opportunity for Vingo as it seeks to capitalize on this growing trend.