About TrusTrace
TrusTrace is a Technology company based in Coimbatore (India) founded in 2016 by Hrishikesh Rajan, Shameek Ghosh, Madhava Venkatesh, and Saravanan Parisutham. Blockchain-based traceability and sustainability solutions for the fashion industry. It operates in the Technology, Retail, and Transportation, Automotive & Logistics sectors. TrusTrace has raised $30 million across 5 funding rounds from investors including Zalando, Vinnova and Fashion For Good. Its chief executive, as recorded, is Shameek Ghosh. Its website trustrace.com draws about 30 thousand monthly visits. Its Indian entity Swin Technologies Private Limited reported revenue of ₹33.88 Cr. TrusTrace offers products and services including Sustainable Supplier Management, Supply Chain Mapping, Swift Trace, and Real Time Trace. Its focus areas include Enterprise Applications, SCM Software, Visibility & Compliance and Supply Chain Visibility.
Company details
TrusTrace was established in 2016 in Coimbatore, India, focusing on the fashion sector. Blockchain technology is utilized to offer traceability and sustainability solutions, including customer engagement tools such as point-of-sale systems and footprint information. Data management for suppliers is automated to address compliance, certifications, regulatory needs, marketing, and RFI requirements across global supply chains.
- Headquarters Coimbatore, India
- Founders Hrishikesh Rajan, Shameek Ghosh, Madhava Venkatesh, Saravanan Parisutham
- SectorsTechnologyRetail Transportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website trustrace.com
- Social LinkedIn X Facebook Instagram
- Legal Name Swin Technologies Private Limited
- Date of Incorporation 26 Dec, 2016
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹33.88 Cr
FY 2024 · +70% YoY
- Net Profit₹1.31 Cr
FY 2024
- EBITDA₹2.09 Cr
FY 2024 · 6% margin
- Total Equity Funding$30M (USD)
in 5 rounds
- Latest Funding Round$24M (USD), Series B
Jan 2024
- InvestorsZalando
& 6 more
Associated legal entities of TrusTrace
TrusTrace operates through Swin 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 |
|---|---|---|---|---|---|---|---|
| Swin Technologies Private Limited CIN U74999TZ2016PTC028301 | Active | 26 Dec 2016 | Coimbatore, Tamil Nadu | ₹33.9 Cr | 128 | 2 | View details |
Products & Services of TrusTrace
TrusTrace offers a comprehensive portfolio of products and services, including Sustainable Supplier Management, Supply Chain Mapping, Swift Trace, and Real Time Trace.
Unifies supplier data and reports for risk assessment and compliance.
Enables visualization and tracking of supply chain networks for transparency.
Offers product-backward traceability for compliance and risk mitigation.
Provides fiber-forward traceability to monitor supply chain activities.
Funding Insights of TrusTrace
TrusTrace has successfully raised a total of $30M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $24 million completed in January 2024. 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 $30M
- Total Rounds 5
- Last Round Series B — $24M
- First Round $2.71M
(Oct 2017)
- Investors Count 7
All 5 funding rounds of TrusTrace 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 |
|---|---|---|---|---|---|
| Jan 2024 | $24M | Series B | – | Circularity Capital | |
| Oct 2021 | $6M | Series A | – | Industrifonden, Fairpoint Capital | |
| Jun 2019 | Seed | – | – | ||
| Jun 2018 | Grant | – | – | ||
| Oct 2017 | $2.71M | Grant | – | – |
7 investors in total: 7 institutional.
Investors in TrusTrace
TrusTrace has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Zalando, Vinnova and Fashion For Good.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward small and medium-sized businesses. | circularitycapital.com | Edinburgh, United Kingdom | ||
Investments in deep-tech, life sciences, and transformative tech are managed. | industrifonden.com | Stockholm, Sweden | ||
B2B tech sectors focused early & growth stage VC fund | fairpoint.se | Stockholm, Sweden | ||
Venture capital funding is provided to Swedish companies across sectors. | 2001 | vinnova.se | Stockholm, Sweden | |
Fashion innovation services are provided to the industry. | 2017 | fashionforgood.com | Amsterdam, Netherlands | |
Mental healthcare services are provided in Stockholm, Sweden. | backingminds.com | Stockholm, Sweden | ||
Online retailer offering multi-category fashion products for men, women, and children | 2008 | zalando.com | Berlin, Germany |
Investor details for TrusTrace
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Swin Technologies Private Limited (TrusTrace)
Swin Technologies Private Limited is the primary company behind TrusTrace. The board of Swin Technologies Private Limited currently have 2 directors; the longest-serving is Palanisamy Parisutham, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Palanisamy Parisutham DIN 07672723 | Director | 26 Dec 2016 | 9 yrs 10 mo | Swin Technologies Private Limited |
| Parisutham Keerthi Abirami DIN 07672733 | Director | 26 Dec 2016 | 9 yrs 10 mo | Swin Technologies Private Limited |
People of TrusTrace
73 people are tracked at TrusTrace (14 in leadership, 7 in board & advisors, 52 in team).
| Name | Role | Group |
|---|---|---|
Hrishikesh Rajan | Co-Founder | Leadership |
Shameek Ghosh | Co-Founder & CEO | Leadership |
Madhava Venkatesh | Co-Founder & CTO | Leadership |
Saravanan Parisutham | Co-Founder & COO | Leadership |
Anja Sadock | Senior Vice President Marketing | Leadership |
Saravanan P | COO and Founder | Leadership |
Praveen Prakash | Director - Strategic Account | Leadership |
Bruno Mattia | Director Of Business Development - France and Southern Europe | Leadership |
Santosh Mohanram | SVP And Head Of Global Sales | Leadership |
Madhava Venkatesh R. | Co-Founder, CTO | Leadership |
Sara Wahlman | Head Of Finance | Leadership |
Ramanathan Venkataraman | Vice President | Leadership |
Hannes Lindfred | Director Of Product Management | Leadership |
srinivas vellanki | Solutions Architect And Head Of Engg | Leadership |
Eva Karlsson | Advisor | Board & advisors |
Hadar Cars | Board Member | Board & advisors |
Rebecka Löthman Rydå | Board Member | Board & advisors |
Liselotte Engstam | Advisor | Board & advisors |
Sven Hultin | Advisor | Board & advisors |
Susanne Najafi | Board Member | Board & advisors |
53 more people are available in the full profile.
Complete people profiles for TrusTrace
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of TrusTrace
Figures of Swin Technologies Private Limited, the primary company behind TrusTrace, for FY 2024. Revenue was ₹33.88 Cr (+70% year on year). Net profit was ₹1.31 Cr. EBITDA was ₹2.09 Cr (6% margin). Revenue has grown at a compounded annual rate of +100% over three years and +109% over five years.
- ₹33.88 CrRevenue · FY 2024 · +70% YoY
- ₹1.31 CrNet profit
- ₹2.09 CrEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- 128Employees (provident fund records)
- +100%Revenue CAGR, 3 years
- +109%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Swin Technologies Private Limited are on its company page.
Detailed financial statements for TrusTrace
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of TrusTrace
3 dated milestones of TrusTrace across 8 years, from founding to its latest funding, stage changes and deals.
- Founded TrusTrace is founded.
- Funding First funding round of $2.7M.
- Funding Latest funding round, Series B, of $24.0M.
Web traffic of TrusTrace
The website of TrusTrace (trustrace.com) receives about 30.5K visits a month.
- Monthly visits30.5K
▼ 4.5% vs previous month
Websites whose visitors overlap most with TrusTrace. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| euratex.eu | 100% | 11.1K | #2,039,284 | View details | |
| heatsign.com | 80% | #428,633 | View details | ||
textileworld.com | textileworld.com | 79% | – | ||
| eflexsystems.com | 67% | 2.7K | #5,964,033 | View details | |
| supplyon.com | 61% | 140K | #182,561 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for TrusTrace
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Brand & Marketing Technology
3 companies that operate in the same segment as TrusTrace (Brand & Marketing Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Crafts global health and wellness brands for digital platforms. | 2021 | Bengaluru, Karnataka, India | USD 206.9 M | USD 71.62 M | 427 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 |
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Related news about Trustrace
Complete news archive for TrusTrace
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Frequently Asked Questions about TrusTrace
TrusTrace was founded in 2016 and raised its 1st funding round 1 year after it was founded.
TrusTrace is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Shameek Ghosh is the CEO of TrusTrace, as recorded in our data. They have also founded this company.
TrusTrace is a funded company, having raised a total of $30M across 5 funding rounds to date. The company's 1st funding round was a Grant of $2.71M, raised on Oct 2017.
The primary company behind TrusTrace, Swin Technologies Private Limited, reported revenue of ₹33.88 Cr for FY 2024, up 70% year on year.
TrusTrace was established in 2016 in Coimbatore, India, focusing on the fashion sector. Blockchain technology is utilized to offer traceability and sustainability solutions, including customer engagement tools such as point-of-sale systems and footprint information. Data management for suppliers is automated to address compliance, certifications, regulatory needs, marketing, and RFI requirements across global supply chains.
TrusTrace offers Sustainable Supplier Management, Supply Chain Mapping, Swift Trace, and Real Time Trace.
TrusTrace has 7 investors. Key investors include Zalando, Vinnova, Fashion For Good, Circularity Capital, and Industrifonden.
TrusTrace operates through Swin Technologies Private Limited.
The legal entities of TrusTrace currently have 2 directors, including Palanisamy Parisutham, Parisutham Keerthi Abirami.