About Truefy AI
Truefy AI is a Retail company based in Bengaluru (India) founded in 2022 by Vishal Venkatesh, Pravar Jain, and Ronald Das. It operates as an AI-powered insights and suggestions are provided to fashion designers. It operates in the Retail and Technology sectors. The company has 1 employees. Its Indian entity True Neural Technologies Private Limited reported revenue of ₹7.7 Lakh. Truefy AI offers products and services including AI Copilot and Sustainability Analyzer. Its focus areas include High Tech, Computer Vision, Industry Agnostic Applications and Marketing. Its competitors include Observe.AI, Chorus.ai, CallMiner, Invoca and Momentum and 1 more; 6 of its 6 listed competitors have raised funding.
Company details
Truefy AI was founded in 2022 and is based in Bengaluru, India. An AI platform is operated within the fashion technology sector to deliver data-driven insights and practical recommendations. Fashion designers are supported through analysis of customer preferences, enabling the development of targeted apparel designs. Core services focus on predictive modeling and trend evaluation, with operations centered on scalable software solutions for the industry.
- Headquarters Bengaluru, India
- Employees 1
- Founders Vishal Venkatesh, Pravar Jain, Ronald Das
- SectorsRetailTechnology
- Email••••••••
- Phone•••• ••••
- Website truefy.ai
- Social LinkedIn Facebook
- Legal Name True Neural Technologies Private Limited
- Date of Incorporation 05 Jan, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.7 Lakh
FY 2024 · +665% YoY
- Net Profit₹5,569
FY 2024 · 1% margin
- EBITDA₹26,169
FY 2024 · 3% margin
- Investors
- Employee Count1
Associated legal entities of Truefy AI
Truefy AI operates through True Neural Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| True Neural Technologies Private Limited CIN U72900KA2022PTC156283 | Active | 05 Jan 2022 | Bangalore, Karnataka | ₹0.1 Cr | – | 3 | View details |
Products & Services of Truefy AI
Truefy AI offers a comprehensive portfolio of products and services, including AI Copilot and Sustainability Analyzer.
Delivers fashion insights and suggestions to refine designs and trends.
Evaluates material impacts and provides eco-friendly design recommendations.
Funding Insights of Truefy AI
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Truefy AI 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 |
|---|---|---|---|---|---|
| Feb 2023 | – | Seed | – | ML Elevate | – |
1 investors in total: 1 institutional.
Investors in Truefy AI
Truefy AI has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ML Elevate.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accelerator focused on early-stage machine learning startups | – | mlelevate.com | Bengaluru, India |
Investor details for Truefy AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of True Neural Technologies Private Limited (Truefy AI)
True Neural Technologies Private Limited is the primary company behind Truefy AI. The board of True Neural Technologies Private Limited currently have 3 directors; the longest-serving is Venkatesh Vishal, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkatesh Vishal DIN 09457795 | Director | 05 Jan 2022 | 4 yrs 9 mo | True Neural Technologies Private Limited |
| Ronald Das DIN 07942682 | Director | 05 Jan 2022 | 4 yrs 9 mo | True Neural Technologies Private Limited |
| Varun Venkatesh DIN 10791732 | Director | 28 Sep 2024 | 2 yrs | True Neural Technologies Private Limited |
People of Truefy AI
3 people are tracked at Truefy AI (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership | |
| Co-Founder & CFO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Truefy AI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Truefy AI
Figures of True Neural Technologies Private Limited, the primary company behind Truefy AI, for FY 2024. Revenue was ₹7.7 Lakh (+665% year on year). Net profit was ₹5,569 (1% margin). EBITDA was ₹26,169 (3% margin).
- ₹7.7 LakhRevenue · FY 2024 · +665% YoY
- ₹5,569Net profit · 1% margin
- ₹26,169EBITDA · 3% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of True Neural Technologies Private Limited are on its company page.
Detailed financial statements for Truefy AI
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Truefy AI
2 dated milestones of Truefy AI across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Truefy AI is founded.
- Funding First funding round.
Competitors of Truefy AI
Truefy AI has 6 listed competitors in our database, 6 of them funded. They include Observe.AI, Chorus.ai, CallMiner, Invoca and Momentum, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| observe.ai | 2017 | Redwood, United States | $213.35M | 202 | AI-powered conversation intelligence and automation are provided for contact centers. | |
| chorus.ai | 2015 | San Francisco, United States | $100.3M | 90 | Conversational intelligence platform for sales | |
| callminer.com | 2002 | Waltham, United States | $145.1M | 293 | Cloud and AI-based conversational analytics are delivered by CallMiner. | |
| invoca.com | 2008 | Santa Barbara, United States | $201.53M | 355 | Platform that connects marketing and sales teams to track and optimise the buying journey | |
| momentum.io | 2020 | San Francisco, United States | $18M | – | Momentum is recognized as an AI Revenue Orchestration Platform. | |
| awiros.com | 2015 | Gurugram, India | $7.62M | 81 | Real-time video analytics solutions are provided via AI platform. |
Detailed competitors of Truefy AI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
10 companies that operate in the same segment as Truefy AI (Fashion & Lifestyle E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 | |
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Subscription-based jewelry is provided by digital-first brand BlueStone. | 2011 | Bengaluru, Karnataka, India | USD 254.97 M | USD 259.64 M | 3,210 | |
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Pre-owned fashion products are sold via an online marketplace. | 2008 | Vilnius, Vilnius County, Lithuania | USD 872.04 M | USD 2 M | 4,595 | |
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 887 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | USD 73.11 M | 493 |
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Frequently Asked Questions about Truefy AI
Truefy AI was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Truefy AI is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Truefy AI has 1 employees.
The primary company behind Truefy AI, True Neural Technologies Private Limited, reported revenue of ₹7.7 Lakh for FY 2024, up 665% year on year.
Truefy AI was founded in 2022 and is based in Bengaluru, India. An AI platform is operated within the fashion technology sector to deliver data-driven insights and practical recommendations. Fashion designers are supported through analysis of customer preferences, enabling the development of targeted apparel designs. Core services focus on predictive modeling and trend evaluation, with operations centered on scalable software solutions for the industry.
Truefy AI's top competitors include Chorus.ai, Observe.AI and Invoca.
Truefy AI offers AI Copilot and Sustainability Analyzer.
Truefy AI has 1 investor. Key investors include ML Elevate.
Truefy AI operates through True Neural Technologies Private Limited.
The legal entities of Truefy AI currently have 3 directors, including Venkatesh Vishal, Ronald Das, Varun Venkatesh.