Sumit Chhazed
About Sumit Chhazed
Sumit Chhazed is a co-founder and CEO of OTO Capital, a two-wheeler financing and commerce platform in India, and a 2012 graduate of IIT Bombay. Public profiles place him in Bengaluru (LinkedIn) or Mumbai (Crunchbase).
Before OTO he co-founded Coursewave in 2013, an online learning engagement startup that his speaker bio says was acquired by a US company. In 2015 he co-founded CredR, a marketplace for pre-owned two-wheelers. Tracxn also lists Enelek Power among the companies he founded. He has been named in Forbes Asia's 30 Under 30 list for e-commerce and shopping. Crunchbase lists him as an advisor to Jumpstart and Tokn.
Event bios describe him as an active angel investor who advises several tech startups. Tracxn counts 11 portfolio companies, all in India, while Crunchbase counts 5 and CB Insights counts 2, so the totals differ by source.
Dated deals listed by data providers include Neodocs (seed, 2021), OTO Capital (Series A, September 2024) and GreenStitch (seed, December 2024). Tracxn also lists 7 Classes and InstaPreps (both September 2019, alongside Ashish Gupta). Check sizes are not public.
His most recent listed investment is Ubiqedge, a Mumbai-based AIoT startup founded in March 2024. It raised Rs 10 crore (about $1.2 million) in a seed round led by Piper Serica, with Atomberg's Shibam Das and Chhazed also participating. Ubiqedge says it will use the money to strengthen its AI capabilities, scale industrial deployments and grow its network of system integrators and OEM partners.
Press coverage of the round appeared from late April 2026. His individual cheque in the round is undisclosed.
Tracxn lists his investments as mainly Enterprise Applications and HealthTech, plus nine other sectors, all in India. His known deals are at seed or Series A, and Ubiqedge is a hardware-plus-software industrial AI company. He has not publicly stated a check size, a thesis or what he looks for in founders.
- Ubiqedge: AIoT operating system for industrial infrastructure (water, energy, air quality, construction); seed round announced April 2026, amount of his cheque undisclosed.
- Neodocs: health diagnostics startup; seed round in 2021.
- GreenStitch: seed round listed by Tracxn in December 2024.
- OTO Capital: two-wheeler financing platform he co-founded; Series A listed September 2024.
- Bold Care: named by Tracxn as one of his most notable investments; date not confirmed.
- tracxn.com/d/people/sumit-chhazed/__YTNnoJJMHu7FfOt4JKaH3ehvMEYaPg6-vL
- crunchbase.com/person/sumit-chhazed
- cbinsights.com/investor/sumit-chhazed
- indianstartupnews.com/funding/aiot-startup-ubiqedge-raises-rs-10-crore
- wiretel.in/ubiqedge-raises-%E2%82%B910-crore-to-scale-aiot-platform-fo
- indiaev.org/gurugram/2022/sumit.php
- yourstory.com/author/sumitchhazed
- linkedin.com/in/sumitchhazed
Investing activity
Sumit Chhazed appears in 1 AI deal tracked by the Lounge deals desk. The rounds are mostly Seed. The most recent is Ubiqedge (Seed, Jun 2026).
Sumit Chhazed most often invests alongside Shibam Das, and the companies they back on Lounge are mostly in AI.
Deals
Frequently asked questions about Sumit Chhazed
Who is Sumit Chhazed?
He is an Indian entrepreneur and angel investor. He co-founded Coursewave, CredR and OTO Capital, and he is an IIT Bombay graduate.
Has Sumit Chhazed invested in AI startups?
Yes. He participated in Ubiqedge's Rs 10 crore seed round, reported in April 2026 and led by Piper Serica. Ubiqedge builds an AIoT operating system for industrial infrastructure.
What is Sumit Chhazed's angel check size?
It is not public. Press coverage of the Ubiqedge round does not say how much he invested.
What stage and sectors does Sumit Chhazed back?
His listed deals are seed and Series A rounds in Indian companies. Tracxn names Enterprise Applications and HealthTech as his main sectors, and he has no public investment thesis.
Does Sumit Chhazed invest outside India?
Tracxn shows only Indian portfolio companies. Founders outside India should not assume he invests there.
How can founders reach Sumit Chhazed?
His public contact point is his LinkedIn profile. Warm introductions through shared investors or founders are the likelier route. I found no personal website or X account for him.
Is Sumit Chhazed an angel investor?
Yes. Sumit Chhazed invests personally as an angel.
What AI companies has Sumit Chhazed invested in?
Sumit Chhazed's AI investments include Ubiqedge. The 1 round on Lounge are listed on this page with amounts, dates and co-investors.
What stage does Sumit Chhazed invest at?
In the rounds tracked on Lounge, Sumit Chhazed has invested at Seed.
Who does Sumit Chhazed co-invest with?
Sumit Chhazed's most frequent co-investors on Lounge are Shibam Das (1 deal).