About Truein
Truein is a company based in Pune (India) founded in 2017 by Ankit Tanna and Jigar Pujara. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Truein has raised $2.4 million across 5 funding rounds from investors including Upekkha, Kishor Kumar and Maheshkumar Parsottambhai Rupapara. The company has 18 employees as of March 29, 2024. Truein offers products and services including Face Recognition Attendance, Mobile Based Attendance, and GPS Geofenced Attendance. Truein operates in a competitive market with competitors including When I Work, TSheets, Hubstaff, Everywhere Communications and SINC, among others.
- Headquarter Pune, India
- Employees 18 as on 29 Mar, 2024
- Founders Ankit Tanna, Jigar Pujara
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Sectors
Technology
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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 Yugstart Technologies Private Limited
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$462.97 K (USD)115.92as on Mar 31, 2023
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Net Profit
$-173.92 K (USD)-1103.38as on Mar 31, 2023
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EBITDA
$-254.26 K (USD)-601.68as on Mar 31, 2023
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Total Equity Funding
$2.4 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Upekkha
& 16 more
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Employee Count
18
as on Mar 29, 2024
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Products & Services of Truein
Truein offers a comprehensive portfolio of products and services, including Face Recognition Attendance, Mobile Based Attendance, and GPS Geofenced Attendance. 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.
Attendance is captured using face recognition technology accurately.
Attendance is tracked via mobile devices for flexibility.
Attendance is restricted to approved locations using geofencing.
Unlock access to complete
Funding Insights of Truein
Truein has successfully raised a total of $2.4M across 5 strategic funding rounds. 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Truein | Valuation | Upekkha |
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| Nov, 2020 | Amount | Seed - Truein | Valuation |
investors |
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| Mar, 2020 | Amount | Angel Round - Truein | Valuation |
investors |
| 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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Truein
Truein has secured backing from 17 investors, including venture fund and angel investors. Prominent investors backing the company include Upekkha, Kishor Kumar and Maheshkumar Parsottambhai Rupapara. 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 |
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AI startup acceleration and networking services are offered globally.
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Founded Year | Domain | Location | |
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US & Africa
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Truein
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Truein
| 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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truein Comparisons
Competitors of Truein
Truein 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 When I Work, TSheets, Hubstaff, Everywhere Communications and SINC, 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 |
Employee scheduling and time tracking software
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| domain | founded_year | HQ Location |
Cloud-based time-tracking software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based time tracking platform is utilized for workforce monitoring.
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| domain | founded_year | HQ Location |
Asset tracking solutions are delivered through satellite-enabled handheld devices.
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| domain | founded_year | HQ Location |
Online platform for job tracking and location monitoring is provided.
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| domain | founded_year | HQ Location |
Time tracking software is provided for project planning and monitoring.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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.
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Frequently Asked Questions about Truein
When was Truein founded?
Truein was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Truein located?
Truein is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Truein?
Ankit Tanna is the current CEO of Truein. They have also founded this company.
Is Truein a funded company?
Truein is a funded company, having raised a total of $2.4M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $270.12K, raised on May 23, 2018.
How many employees does Truein have?
As of Mar 29, 2024, the latest employee count at Truein is 18.
What is the annual revenue of Truein?
Annual revenue of Truein is $462.97K as on Mar 31, 2023.
What does Truein do?
Truein is engaged in delivering advanced time and attendance solutions tailored for contract and multi-site workforces. The company operates within the technology sector, specializing in workforce management software. Solutions offered include face recognition attendance, mobile-based tracking, and GPS geofenced clock-ins, ensuring accurate and tamper-proof time logs. Truein serves industries such as construction, facility management, supply chain, logistics, retail, and manufacturing. Centralized visibility, real-time reporting, and compliance with labor regulations are facilitated through cloud-based systems. Workforce utilization is optimized by tracking budgeted versus actual hours across multiple jobs and locations.
Who are the top competitors of Truein?
Truein's top competitors include When I Work, Everywhere Communications and Hubstaff.
What products or services does Truein offer?
Truein offers Face Recognition Attendance, Mobile Based Attendance, and GPS Geofenced Attendance.
Who are Truein's investors?
Truein has 17 investors. Key investors include Upekkha, Kishor Kumar, Maheshkumar Parsottambhai Rupapara, Saikat Majumder, and Vijay Shetty.