About True School
True School is a company based in Mumbai (India) founded in 2013 by Nitin Chandy.. True School has raised $2.35 million across 1 funding round from investors including Zodius, Ashutosh Phatak and Nitin Chandy. The company has 51 employees as of April 06, 2024. True School offers products and services including Undergraduate Programs and Music Certifications. True School operates in a competitive market with competitors including Whistling Woods International, Madras Sanskrit College, Vedanta Bharati, The Design Village and AAFT, among others.
- Headquarter Mumbai, India
- Employees 51 as on 06 Apr, 2024
- Founders Nitin Chandy
- Stage Minicorn
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tsm Education Private Limited
- Date of Incorporation 17 Mar, 2011
- Jurisdiction Karjat, Maharashtra, India
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Annual Revenue
$541.44 K (USD)-36.13as on Mar 31, 2022
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Net Profit
$268.61 K (USD)475.88as on Mar 31, 2022
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EBITDA
$433.44 K (USD)570.28as on Mar 31, 2022
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Total Equity Funding
$2.35 M (USD)
in 1 rounds
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Latest Funding Round
$2.35 M (USD), Seed
Jun 05, 2013
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Investors
Zodius
& 2 more
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Employee Count
51
as on Apr 06, 2024
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Products & Services of True School
True School offers a comprehensive portfolio of products and services, including Undergraduate Programs and Music Certifications. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comprehensive programs training musicians for industry careers through practical learning.
Certification courses enhancing skills for music production and performance roles.
Funding Insights of True School
True School has successfully raised a total of $2.35M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.35 million completed in June 2013. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.4M
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First Round
First Round
(05 Jun 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Seed - True School | Valuation | Zodius |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in True School
True School has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Zodius, Ashutosh Phatak and Nitin Chandy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
VC firm investing in India
|
Founded Year | Domain | Location | |
|
AP
Ashutosh Phatak |
Founder of True Balance, active angel investor in Indian startups
|
Founded Year | Domain | Location |
|
NC
Nitin Chandy |
Angel investor and tech leader, ex-Microsoft, focused on Indian startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by True School
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - True School
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
True School Comparisons
Competitors of True School
True School 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 Whistling Woods International, Madras Sanskrit College, Vedanta Bharati, The Design Village and AAFT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides world-class education in film, communication, and creative arts programs.
|
|
| domain | founded_year | HQ Location |
Offers higher education in Sanskrit, Vedic studies, and cultural programs in Chennai, India.
|
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| domain | founded_year | HQ Location |
Promotes Vedanta philosophy studies, research, and spiritual events in India.
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| domain | founded_year | HQ Location |
Offers design degree programs with industry connections and global exposure in Noida.
|
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| domain | founded_year | HQ Location |
Offers professional courses in cinema, journalism, music, and fashion.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about True School
When was True School founded?
True School was founded in 2013.
Where is True School located?
True School is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is True School a funded company?
True School is a funded company, having raised a total of $2.35M across 1 funding round to date. The company's 1st funding round was a Seed of $2.35M, raised on Jun 05, 2013.
How many employees does True School have?
As of Apr 06, 2024, the latest employee count at True School is 51.
What is the annual revenue of True School?
Annual revenue of True School is $541.44K as on Mar 31, 2022.
What does True School do?
True School of Music offers foundation and professional courses in music. These courses include played instruments, vocals, DJing, music production etc. It has international faculty from Manhattan School of Music, New York City, for its professional program, international djs for the DJing courses, and studio amp; live sound and music production courses authored by The Academy of Contemporary Music, UK. The company was seed funded by Zodius Capital. They were actively looking to raise additional funding to the tune of 20M.
Who are the top competitors of True School?
True School's top competitors include Whistling Woods International, Vedanta Bharati and The Design Village.
What products or services does True School offer?
True School offers Undergraduate Programs and Music Certifications.
Who are True School's investors?
True School has 3 investors. Key investors include Zodius, Ashutosh Phatak, and Nitin Chandy.
What is True School's valuation?
The valuation of True School is $3.79M as of Jun 2013.