About trueBrowns
trueBrowns is a company based in Gurugram (India) founded in 2016 by Udita Bansal. trueBrowns has raised $389.75 thousand across 1 funding round from investors including GOAT Brand Labs. The company has 26 employees as of April 07, 2024. trueBrowns offers products and services including Kurta Sets, Dresses, Co-ord Sets, and Jewelry. trueBrowns operates in a competitive market with competitors including Fashor, Dressfolk, Suta, House of Chikankari and Isadora Life, among others.
- Headquarter Gurugram, India
- Employees 26 as on 07 Apr, 2024
- Founders Udita Bansal
- Stage Minicorn
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Sectors
Retail
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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 Truebrowns Lifestyle Private Limited
- Date of Incorporation 27 Jun, 2019
- Jurisdiction Industrial Complex Dundahera, Haryana, India
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Annual Revenue
$2.61 M (USD)254.84as on Mar 31, 2023
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Net Profit
-$726.22 K (USD)-49858.16as on Mar 31, 2023
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EBITDA
-$694.32 K (USD)-4400.44as on Mar 31, 2023
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Total Equity Funding
$389.75 K (USD)
in 1 rounds
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Latest Funding Round
$389.75 K (USD), Seed
Mar 08, 2022
- Investors
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Employee Count
26
as on Apr 07, 2024
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Products & Services of trueBrowns
trueBrowns offers a comprehensive portfolio of products and services, including Kurta Sets, Dresses, Co-ord Sets, and Jewelry.
Outfits combining kurtas with matching pieces for daily wear
Various styles of dresses for women and events
Coordinated tops and bottoms for casual outfits
Fashion pieces like earrings and necklaces
Funding Insights of trueBrowns
trueBrowns has successfully raised a total of $389.75K through 1 strategic funding round. The most recent funding activity was a Seed round of $389.75 thousand completed in March 2022. 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 — $389,745
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First Round
First Round
(08 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - trueBrowns | Valuation | GOAT Brand Labs |
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Investors in trueBrowns
trueBrowns has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GOAT Brand Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and scaling of D2C lifestyle brands are facilitated.
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Founded Year | Domain | Location |
Investments & Acquisitions by trueBrowns
Financial Statements - trueBrowns
Truebrowns Comparisons
Competitors of trueBrowns
trueBrowns 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 Fashor, Dressfolk, Suta, House of Chikankari and Isadora Life, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ethnic wear for women is offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Handcrafted ethnic wear for women is offered online by Dressfolk.
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| domain | founded_year | HQ Location |
Online platform selling traditional Indian apparel and accessories.
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| domain | founded_year | HQ Location |
Hand-embroidered Chikankari apparel for men and women is provided.
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| domain | founded_year | HQ Location |
Ethnic wear for women is offered via an internet-first brand.
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Frequently Asked Questions about trueBrowns
trueBrowns was founded in 2016 and raised its 1st funding round 6 years after it was founded.
trueBrowns is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Udita Bansal is the current CEO of trueBrowns. They have also founded this company.
trueBrowns is a funded company, having raised a total of $389.75K across 1 funding round to date. The company's 1st funding round was a Seed of $389.75K, raised on Mar 08, 2022.
As of Apr 07, 2024, the latest employee count at trueBrowns is 26.
Annual revenue of trueBrowns is $2.61M as on Mar 31, 2023.
The company was founded in 2016 and is headquartered in Gurugram, India. Operations focus on the e-commerce sector for womens clothing, with a catalog that encompasses kurtas, pants, palazzos, sarees, workwear, casual wear, dresses, dupattas, and shawls. Products are distributed primarily online to serve a broad customer base in the apparel industry.
trueBrowns's top competitors include Fashor, Dressfolk and House of Chikankari.
trueBrowns offers Kurta Sets, Dresses, Co-ord Sets, and Jewelry.
trueBrowns has 1 investor. Key investors include GOAT Brand Labs.
The valuation of trueBrowns is $1.46M as of Mar 2022.