About TruConnect
TruConnect is a company based in Los Angeles (United States) founded in 2011. The company has 154 employees as of April 05, 2024. TruConnect has completed 2 acquisitions, including FreedomPop and Wefi. TruConnect offers products and services including Free Phone Plan, Prepaid Plans, and Devices and SIM Kits. TruConnect operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Los Angeles, United States
- Employees 154 as on 05 Apr, 2024
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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- Legal Name Upverse Solutions Private Limited
- Date of Incorporation 16 Oct, 2015
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$1.32 M (USD)13.61as on Mar 31, 2022
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Net Profit
$65.26 K (USD)-34.27as on Mar 31, 2022
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EBITDA
$134.64 K (USD)-27.84as on Mar 31, 2022
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Latest Funding Round
$20 M (USD), Debt – Conventional
Jun 14, 2016
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Investors
Opus Bank
& 1 more
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Employee Count
154
as on Apr 05, 2024
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Investments & Acquisitions
FreedomPop
& 1 more
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Products & Services of TruConnect
TruConnect offers a comprehensive portfolio of products and services, including Free Phone Plan, Prepaid Plans, and Devices and SIM Kits.
Delivers unlimited talk, text, and data for eligible users
Offers additional paid plans with no contracts or hidden fees
Provides free devices or SIM cards for service activation
People of TruConnect
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Funding Insights of TruConnect
Investors in TruConnect
TruConnect has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Opus Bank and Banyan Investment Partners.
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Investment in small to middle-market companies via equity and subordinated debt.
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Commercial bank
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Investor details for TruConnect
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Investments & Acquisitions by TruConnect
TruConnect has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FreedomPop and Wefi.
Investment portfolio details for TruConnect
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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MVNO providing mobile and internet services
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Locked | Locked | 2011 | Locked | |
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Wifi Network Discovery Tool - Mobile Data Analytics
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Locked | Locked | 2006 | Locked |
Complete acquisition details for TruConnect
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Financial Statements - TruConnect
Detailed financials for TruConnect
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- Profit trends
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Truconnect Comparisons
Peer comparison for TruConnect
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Competitors of TruConnect
TruConnect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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MTN Group is recognized as a leading telecommunications provider in Africa.
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Provider of telecommunication services
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Airtel is recognized as a provider of telecommunications and internet services.
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Provider of integrated telecommunication services
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Mobile internet services are provided for homes and offices.
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Integrated telecom service provider
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Detailed competitors of TruConnect
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Latest news on Truconnect
Complete news archive for TruConnect
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Frequently Asked Questions about TruConnect
TruConnect was founded in 2011 and raised its 1st funding round 1 year after it was founded.
TruConnect is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
As of Apr 05, 2024, the latest employee count at TruConnect is 154.
Annual revenue of TruConnect is $1.32M as on Mar 31, 2022.
TruConnect was founded in 2011 in Los Angeles, United States, and operates as a mobile virtual network operator on the Sprint Network. Affordable mobile plans, including unlimited data and voice options, are offered alongside pay-as-you-go hotspots. Participation in the Lifeline program supports eligible low-income customers. In 2016, TruConnect Technologies was established, leading to the acquisition of WeFi for Wi-Fi offloading and analytics solutions.
TruConnect offers Free Phone Plan, Prepaid Plans, and Devices and SIM Kits.
TruConnect has made 2 acquisitions, including FreedomPop, and Wefi.
TruConnect has 2 investors. Key investors include Opus Bank, and Banyan Investment Partners.