About Truhome Finance
Truhome Finance is a company based in Chennai (India) founded in 2010 was acquired by Warburg Pincus in May 2024. It operates as a B2C, and D2C. The company has 2,909 employees as of March 31, 2019. Truhome Finance offers products and services including Home Loan, Loan Against Property, Balance Transfer Loan, and Top-up Loan. Truhome Finance operates in a competitive market with competitors including NeoGrowth, Fino Paytech, InstantPay, Queekpay and GST Jan Seva Kendra, among others.
- Headquarter Chennai, India
- Employees 2909 as on 31 Mar, 2019
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Truhome Finance Limited
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$40.8 M (USD)7.1as on Mar 31, 2019
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Net Profit
$2.33 M (USD)-42.35as on Mar 31, 2019
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EBITDA
$20.68 M (USD)-7.42as on Mar 31, 2019
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Latest Funding Round
$38.07 M (USD), Debt – Conventional
Jun 22, 2020
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Investors
ICICI Bank
& 5 more
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Employee Count
2909
as on Mar 31, 2019
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Acquired by
Warburg Pincus
(May 13, 2024)
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Products & Services of Truhome Finance
Truhome Finance offers a comprehensive portfolio of products and services, including Home Loan, Loan Against Property, Balance Transfer Loan, and Top-up Loan. 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.
Provides financing for home purchases with quick approvals.
Offers loans secured by residential or commercial properties.
Facilitates transferring existing loans with reduced EMI options.
Allows additional funds on existing loans up to certain limits.
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Funding Insights of Truhome Finance
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $38.1M
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First Round
First Round
(12 Nov 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Debt – Conventional - Truhome Finance | Valuation |
investors |
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| Nov, 2019 | Amount | Debt – Conventional - Truhome Finance | 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 Truhome Finance
Truhome Finance has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include ICICI Bank, Canara Bank and Indian Bank. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location | |
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Commercial bank
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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 Truhome Finance
| 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 - Truhome Finance
| 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 |
Truhome Finance Comparisons
Competitors of Truhome Finance
Truhome Finance 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 NeoGrowth, Fino Paytech, InstantPay, Queekpay and GST Jan Seva Kendra, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital credit platform providing financial solutions to underserved small- and micro- retailers
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| domain | founded_year | HQ Location |
Technology solutions for banking and financial sectors are provided.
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| domain | founded_year | HQ Location |
Digital banking solutions are provided for business operations and finances.
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| domain | founded_year | HQ Location |
Delivers comprehensive software solutions for banking management.
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| domain | founded_year | HQ Location |
Platform for banking, bill payments, taxation, and recharge services in rural areas.
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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.
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Frequently Asked Questions about Truhome Finance
When was Truhome Finance founded?
Truhome Finance was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is Truhome Finance located?
Truhome Finance is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
How many employees does Truhome Finance have?
As of Mar 31, 2019, the latest employee count at Truhome Finance is 2,909.
What is the annual revenue of Truhome Finance?
Annual revenue of Truhome Finance is $40.8M as on Mar 31, 2019.
What does Truhome Finance do?
Truhome Finance Limited specializes in housing finance, offering products like home loans, loans against property, and balance transfers. It operates through a network of branches across India, providing quick approvals and flexible terms to individual customers. Based in Chennai and Mumbai, the company serves diverse needs with competitive interest rates and calculators for EMI and eligibility.
Who are the top competitors of Truhome Finance?
Truhome Finance's top competitors include Fino Paytech, NeoGrowth and InstantPay.
What products or services does Truhome Finance offer?
Truhome Finance offers Home Loan, Loan Against Property, Balance Transfer Loan, and Top-up Loan.
Who are Truhome Finance's investors?
Truhome Finance has 6 investors. Key investors include ICICI Bank, Canara Bank, Indian Bank, Warburg Pincus, and National Housing Bank.