Truebil
Online car market in India
From Wikipedia, the free encyclopedia
Truebil.com is a Mumbai-based company, which operates virtual marketplace for trading used cars in Mumbai, Bangalore and Delhi, along with a retail vertical called Truebil Direct. Launched on 13 March 2015.[1] Truebil uses artificial intelligence (AI) algorithms to predict the ideal price of used cars based on parameters like the condition of the car, geographical factors, and seasonal factors.[2][better source needed]
- Shubh Bansal
- Himanshu Singhal
- Rakesh Raman
- Suraj Kalwani
- Shanu Vivek
- Ravi Chirania
- Ritesh Pandey
| Type of business | Public |
|---|---|
Type of site | Online marketplace for trading used cars |
| Founders |
|
| URL | truebil |
History
Finance/Funding
Kae Capital and angel investor Anupam Mittal invested a sum of $500,000; Kalaari Capital, Inventus Capital and Tekton Ventures pumped $5.15 million as Series-A funding. It has also received an additional $3 million from Shunwei Capital in Follow-on Series A funding.[4][5] Truebil raised funding from a Japanese firm worth $14M in January 2019.[6] In March 2018 Truebil crossed Rs.100 crore in annualized revenue run rate.[7] In September 2019 it raised $1 million from a Japanese venture capital firm Spiral Ventures.[8]
Services
Truebil's services include valuation, sell guarantees, vehicle buying consulting, paper transfer, loan assistance, and insurance, among others.[9] The platform offers a marketplace of used and refurbished cars from a variety of sources,[1] lets customers buy refurbished cars directly from offline Truebil stores that handle all paperwork related to ownership transfer, loan, and insurance.[10]