About TrusTrace
TrusTrace is a company based in Coimbatore (India) founded in 2016 by Hrishikesh Rajan, Shameek Ghosh, Madhava Venkatesh, and Saravanan Parisutham. TrusTrace has raised $30 million across 5 funding rounds from investors including Zalando, Vinnova and Fashion For Good. TrusTrace offers products and services including Sustainable Supplier Management, Supply Chain Mapping, Swift Trace, and Real Time Trace. TrusTrace operates in a competitive market with competitors including Trimble, FourKites, Amber Road, Shippeo and ScanTrust, among others.
- Headquarter Coimbatore, India
- Founders Hrishikesh Rajan, Shameek Ghosh, Madhava Venkatesh, Saravanan Parisutham
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Sectors
TechnologyRetail Transportation, Automotive & Logistics
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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 Swin Technologies Private Limited
- Date of Incorporation 26 Dec, 2016
- Jurisdiction Coimbatore South, Tamil Nadu, India
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Annual Revenue
$1.66 M (USD)222.32as on Mar 31, 2022
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Net Profit
$109.7 K (USD)217.44as on Mar 31, 2022
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EBITDA
$190.82 K (USD)211.35as on Mar 31, 2022
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Total Equity Funding
$30 M (USD)
in 5 rounds
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Latest Funding Round
$24 M (USD), Series B
Jan 18, 2024
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Investors
Zalando
& 6 more
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Employee Count
Not available
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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.
People of TrusTrace
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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.
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.
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Investments in deep-tech, life sciences, and transformative tech are managed.
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B2B tech sectors focused early & growth stage VC fund
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Investor details for TrusTrace
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Investments & Acquisitions by TrusTrace
Investment portfolio details for TrusTrace
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Financial Statements - TrusTrace
Detailed financials for TrusTrace
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Trustrace Comparisons
Peer comparison for TrusTrace
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Competitors of TrusTrace
TrusTrace 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 Trimble, FourKites, Amber Road, Shippeo and ScanTrust, among others.
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Cloud-based positioning solutions are offered for industrial sectors.
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AI and web-based visibility solutions for supply chains are developed.
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Cloud-based global trade management solutions are provided to enterprises.
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SaaS-based road freight transportation management platform for carriers and shippers
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Copy-proof QR codes are provided for counterfeiting protection.
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M2M communication solutions for asset tracking and management are provided.
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Detailed competitors of TrusTrace
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Latest news on 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 current CEO of TrusTrace. They have also founded this company.
TrusTrace is a funded company, having raised a total of $30M across 5 funding rounds to date.
Annual revenue of TrusTrace is $1.66M as on Mar 31, 2022.
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.