In a seed fundraising round headed by IndiaQuotient, Vingo, a consumer-to-consumer marketplace for buying and selling used goods, has raised Rs 10 crore ($1 million). Rishabh Goel, the founder of Credgenics and Inuka Capital, also took part in the round.
The money raised will be utilized to improve the product, make investments in payment infrastructure and trust, research user behavior, and assist with marketing to important user groups.
Vingo, which was founded in March 2026 by Parth Sarthi, Saransh Goyal, and Krish Vashistha, allows consumers to directly purchase and sell used goods. The platform is now accessible on iOS and Android and operates in Bengaluru.
Vingo addresses trust difficulties between buyers and sellers by combining bidding, escrow-backed payments, community-based product discovery, and identity verification. Smartphones, cameras, game consoles, musical instruments, clothes, and sporting goods are some of its categories.
India’s recommerce market is expected to increase from $5.91 billion in 2026 to $8.61 billion by 2030, according to market research. As it grows its platform and user base, Vingo intends to concentrate on the C2C market.
