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
Employee Count
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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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $24.0M
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First Round
First Round
(25 Oct 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series B - TrusTrace | Valuation | Circularity Capital | |
| Oct, 2021 | Amount | Series A - TrusTrace | Valuation | Industrifonden , Fairpoint Capital | |
| Jun, 2019 | Amount | Seed - TrusTrace | 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 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. 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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Private equity investments are directed toward small and medium-sized businesses.
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Founded Year | Domain | Location | |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Founded Year | Domain | Location | |
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B2B tech sectors focused early & growth stage VC fund
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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 TrusTrace
| 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 - TrusTrace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Trustrace Comparisons
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. 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 |
Cloud-based positioning solutions are offered for industrial sectors.
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| domain | founded_year | HQ Location |
AI and web-based visibility solutions for supply chains are developed.
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| domain | founded_year | HQ Location |
Cloud-based global trade management solutions are provided to enterprises.
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| domain | founded_year | HQ Location |
SaaS-based road freight transportation management platform for carriers and shippers
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| domain | founded_year | HQ Location |
Copy-proof QR codes are provided for counterfeiting protection.
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| domain | founded_year | HQ Location |
M2M communication solutions for asset tracking and management are provided.
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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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Latest news on Trustrace
Frequently Asked Questions about TrusTrace
When was TrusTrace founded?
TrusTrace was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is TrusTrace located?
TrusTrace is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Who is the current CEO of TrusTrace?
Shameek Ghosh is the current CEO of TrusTrace. They have also founded this company.
Is TrusTrace a funded company?
TrusTrace is a funded company, having raised a total of $30M across 5 funding rounds to date.
What is the annual revenue of TrusTrace?
Annual revenue of TrusTrace is $1.66M as on Mar 31, 2022.
What does TrusTrace do?
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.
Who are the top competitors of TrusTrace?
What products or services does TrusTrace offer?
TrusTrace offers Sustainable Supplier Management, Supply Chain Mapping, Swift Trace, and Real Time Trace.
Who are TrusTrace's investors?
TrusTrace has 7 investors. Key investors include Zalando, Vinnova, Fashion For Good, Circularity Capital, and Industrifonden.
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