About Truebil
Truebil is a company based in Mumbai (India) founded in 2015 by Rakesh Raman was acquired by Spinny in August 2020. Truebil has raised $26.91 million across 8 funding rounds from investors including Spinny, People Group and Kae Capital. The company has 5 employees as of April 06, 2024. Truebil offers products and services including Used Car Buying Platform, Car Selling Service, and Car Finance Service. Truebil operates in a competitive market with competitors including Spinny, CarDekho, CarWale, Droom and CarTrade Tech, among others.
- Headquarter Mumbai, India
- Employees 5 as on 06 Apr, 2024
- Founders Rakesh Raman
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Paix Technology Private Limited
- Date of Incorporation 13 Mar, 2015
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$2.67 M (USD)-92.17as on Mar 31, 2021
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Net Profit
$636.58 K (USD)108.19as on Mar 31, 2021
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EBITDA
$482.8 K (USD)107.35as on Mar 31, 2021
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Total Equity Funding
$26.91 M (USD)
in 8 rounds
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Latest Funding Round
$1 M (USD), Series B
Aug 23, 2019
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Investors
Spinny
& 11 more
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Employee Count
5
as on Apr 06, 2024
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Acquired by
Spinny
(Aug 06, 2020)
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Products & Services of Truebil
Truebil offers a comprehensive portfolio of products and services, including Used Car Buying Platform, Car Selling Service, and Car Finance Service.
Online service for purchasing certified pre-owned vehicles.
Platform to sell used cars with instant quotes and evaluations.
Assistance for loans and financing on used car purchases.
People of Truebil
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Funding Insights of Truebil
Truebil has successfully raised a total of $26.91M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $1 million completed in August 2019. 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.
Investors in Truebil
Truebil has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Spinny, People Group and Kae Capital.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focusing on technology investments in Southeast Asia and India.
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Investments in early-stage technology companies are made by Kalaari Capital.
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Early-stage investing in tech startups in India.
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Investor details for Truebil
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Investments & Acquisitions by Truebil
Investment portfolio details for Truebil
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Financial Statements - Truebil
Detailed financials for Truebil
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Truebil Comparisons
Peer comparison for Truebil
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Competitors of Truebil
Truebil 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 Spinny, CarDekho, CarWale, Droom and CarTrade Tech, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Retailer of inspected, certified pre-owned vehicles with service and finance options
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Retailer of new automobiles, used vehicles, and related automotive news
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Second-hand cars are listed online to connect buyers and sellers.
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Used vehicles are bought and sold through an AI platform.
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Online marketplace for used cars
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Multi-brand used cars are traded via an online marketplace platform.
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Detailed competitors of Truebil
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Latest news on Truebil
Complete news archive for Truebil
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Frequently Asked Questions about Truebil
Truebil was founded in 2015.
Truebil is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Truebil is a funded company, having raised a total of $26.91M across 8 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Truebil is 5.
Annual revenue of Truebil is $2.67M as on Mar 31, 2021.
Truebil was founded in 2015 in Mumbai, India, as an online platform in the automotive sector. Used cars are listed by sellers after inspections conducted by company representatives. Operations facilitate peer-to-peer transactions, with buyers able to search listings and complete payments digitally. Additional services, including document transfers, insurance arrangements, and loan facilitation, are provided to support the process.
Truebil offers Used Car Buying Platform, Car Selling Service, and Car Finance Service.
Truebil has 12 investors. Key investors include Spinny, People Group, Kae Capital, Athera Venture Partners, and Spiral Ventures.
The valuation of Truebil is $43.83M as of Aug 2019.