About Trillbit
Trillbit is a Technology company based in Bengaluru (India) founded in 2016 by Shashikant Burnwal, Bhaskar Deo, and Mrigesh Parashar. Provider of an IoT middleware. Trillbit has raised $1.74 million across 4 funding rounds from investors including Western Union, Good Growth Capital and Refex Capital. The company has 1 employees. Trillbit was last valued at $291.21 thousand in May 2018. Its chief executive, as recorded, is Bhaskar Deo. Trillbit offers products and services including TrillBit SDK, Trill Auth, and Trill IoT. Its focus areas include High Tech, Internet of Things Infrastructure and IoT Middleware. Its legal entity is Trillbit Inc.
Company details
Trillbit was founded in 2016 in Bengaluru, India, and operates in the IoT sector. Middleware technology is developed to encode and transmit data through ultrasonic pulses, utilizing existing speakers and microphones on smartphones without additional hardware. Compatibility across all platforms is supported. Applications are targeted in retail, broadcasting, live events, user authentication, secure payments, smart cities, and broader IoT uses.
- Headquarters Bengaluru, India
- Employees 1
- Founders Shashikant Burnwal, Bhaskar Deo, Mrigesh Parashar
- SectorsTechnology
- Website trillbit.com
- Social LinkedIn X Facebook
- Legal Name Trillbit Inc
- Annual Revenue$125.43 (USD)-100as on Mar 31, 2021
- Net Profit-$5.57 K (USD)-125as on Mar 31, 2022
- EBITDA-$5.57 K (USD)-129as on Mar 31, 2022
- Total Equity Funding$1.74M (USD)
in 4 rounds
- Latest Funding Round$1.5M (USD), Seed
Sep 2021
- InvestorsWestern Union
& 14 more
- Employee Count1
Associated legal entities of Trillbit
Trillbit is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Trillbit Solutions Private Limited CIN U72900KA2019FTC130222 | Active | 02 Dec 2019 | Bangalore, Karnataka | ₹1.5 Cr | 2 | View details | |
| Trillbit Technologies Private Limited CIN U74999DL2016PTC307857 | Strike Off | 03 Nov 2016 | New Delhi, Delhi | 2 | View details |
Products & Services of Trillbit
Trillbit offers a comprehensive portfolio of products and services, including TrillBit SDK, Trill Auth, and Trill IoT.
Enables secure data transfer via sound for integration in apps.
Facilitates contactless user verification using sound waves.
Simplifies device setup and troubleshooting with sound technology.
Funding Insights of Trillbit
Trillbit has successfully raised a total of $1.74M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.74M
- Total Rounds 4
- Last Round Seed — $1.5M
- First Round $51,390
(Aug 2017)
- Investors Count 15
All 4 funding rounds of Trillbit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $1.5M | Seed | – | Refex Capital, Good Growth Capital | – |
| Jun 2019 | Seed | – | Western Union | – | |
| May 2018 | $190,717 | Seed | $291,213 | IIMA Ventures | |
| Aug 2017 | $51,390 | Angel Round | $113,808 | Anup Pai, Abhishek Raj | – |
Last known valuation $291,213 (May 2018). 15 investors in total: 6 institutional and 9 angel.
Investors in Trillbit
Trillbit has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Western Union, Good Growth Capital and Refex Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund investing in innovative startups. | 2015 | refexcapital.com | Chennai, India | |
Early-stage investments are made in life sciences and technologies. | 2017 | goodgrowthvc.com | Charleston, United States | |
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
Provider of remittance services | 1851 | westernunion.com | Denver, United States | |
Limited information available | Chennai, India | |||
Limited information available | Chennai, India | |||
AS Amit Sareen | unknown_0ef4b944334948efa | |||
BP Bhavesh Pujara | unknown_cdc043f1d9c4458ab | |||
GP Gautam Pareek | unknown_a4bb304e971f420e9 | |||
RS Rituraj Sar | unknown_ae9ac865d6de434ab |
Investor details for Trillbit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Trillbit
The boards of the 2 registered companies of Trillbit currently have 2 directors; the longest-serving is Mrigesh Parashar, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mrigesh Parashar DIN 07568387 | Director | 03 Nov 2016 | 10 yrs | Trillbit Technologies Private Limited, Trillbit Solutions Private Limited |
| Shashikant Burnwal DIN 08104721 | Director | 17 Apr 2018 | 8 yrs 6 mo | Trillbit Technologies Private Limited, Trillbit Solutions Private Limited |
People of Trillbit
7 people are tracked at Trillbit (5 in leadership, 2 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
Bhaskar Deo | Co-Founder & CEO | Leadership |
| Co-Founder & CPO | Leadership | |
Benno Ritter | VP Marketing & Sales | Leadership |
Robert D. Poor | President | Leadership |
Harsha Ampar | Senior DSP Engineer | Team |
Sameer Donga | Senior Mobile Application Developer | Team |
Complete people profiles for Trillbit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Trillbit
Figures of Trillbit Solutions Private Limited, the primary company behind Trillbit, for FY 2024. Revenue was ₹1.51 Cr (-50% year on year). Net loss was -₹3.8 Lakh (-3% margin). EBITDA was -₹2.3 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +10% over three years.
- ₹1.51 CrRevenue · FY 2024 · -50% YoY
- -₹3.8 LakhNet loss · -3% margin
- -₹2.3 LakhEBITDA · -2% margin
- ₹1 LakhPaid-up capital
- +10%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Trillbit Solutions Private Limited are on its company page.
Detailed financial statements for Trillbit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Trillbit
3 dated milestones of Trillbit across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Trillbit is founded.
- Funding First funding round of $51K.
- Funding Latest funding round, Seed, of $1.5M.
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Related news about Trillbit
Complete news archive for Trillbit
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Frequently Asked Questions about Trillbit
Trillbit was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Trillbit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Bhaskar Deo is the CEO of Trillbit, as recorded in our data. They have also founded this company.
Trillbit is a funded company, having raised a total of $1.74M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $51.39K, raised on Aug 2017.
Trillbit has 1 employees.
Annual revenue of Trillbit is $125.43 as on Mar 31, 2021.
Trillbit was founded in 2016 in Bengaluru, India, and operates in the IoT sector. Middleware technology is developed to encode and transmit data through ultrasonic pulses, utilizing existing speakers and microphones on smartphones without additional hardware. Compatibility across all platforms is supported. Applications are targeted in retail, broadcasting, live events, user authentication, secure payments, smart cities, and broader IoT uses.
Trillbit offers TrillBit SDK, Trill Auth, and Trill IoT.
Trillbit has 15 investors. Key investors include Western Union, Good Growth Capital, Refex Capital, Amit Sareen, and Bhavesh Pujara.
The valuation of Trillbit is $291.21K as of May 2018.
Trillbit is associated with 2 legal entities: Trillbit Technologies Private Limited, Trillbit Solutions Private Limited.
The legal entities of Trillbit currently have 2 directors, including Mrigesh Parashar, Shashikant Burnwal.