Tuesday, January 26, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Truebil raises An Amount of Rs 7.4 crores from Kalaari Capital

Sony T by Sony T
October 10, 2018
in Startup news
Reading Time: 2min read
A A
0
Truebil raises An Amount of Rs 7.4 crores from Kalaari Capital
10
SHARES
125
VIEWS
Share on FacebookShare on Twitter

Mumbai-based online used car marketplace Truebil has raised around ₹7.4 crores ($1 million) in a fresh funding round from existing investor Kalaari Capital, as reported by VCCircle.

The deal is yet to be confirmed by the Truebil or Kalaari Capital. The funds have been raised through Paix Technology, the company that operates Truebil. It is yet to be determined if the fundraising was part of a bridge round or a larger funding round. The latest funding round has valued the startup at around ₹130-150 crores, according to the people aware of the development.

Truebil was co-founded by seven members, including, Suraj Kalwani, Himanshu Singhal, Rakesh Raman Ravi Chirania, Ritesh Pandey, Shanu Vivek, and Shubh Bansal in 2015. The startup provides end-to-end solutions for buying used cars through its platform.

It offers various other services while buying a used car, like, affordable car loans, paper transfer, warranty servicing, emergency roadside assistance, and insurance renewal, to provide a seamless car purchasing experience.

ADVERTISEMENT

Trubil provides in-house car experts to its customers, to assist them through every step of buying a pre-owned car, helping them find a car according to their preferences and needs.

The startup claims to have more than 5,000 verified cars listed on the platform and has already served over 1,000 customers. Currently, the startup is operational across Mumbai, Delhi, and Bengaluru. Truebil last raised $3 million follow-on series A funding led by Shunwei Capital in February 2017. Earlier in January 2016, Truebil raised $5 million in series A funding round led by Kalaari Capital.

Other players in the used cars domain competing with Truebil in India include CarDekho, Cars24, CarWale, Droom, and CarTrade, among many others.

Earlier this month, Automobile marketplace Droom raised ₹220 crores in series E funding round. In July 2018, Cars24 raised ₹340 crores in a funding round from Sequoia Capital, along with other investors, valuing the startup at around ₹1,700 crores ($250 million). According to a study by IndianBlueBook.com, India’s pre-owned car market is expected to touch seven million units mark by 2020.

Tags: Mumbai startupsTruebil
Share5Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Bolo Indya
Startup news

Bolo Meets is helping content creators by monetizing their content

January 22, 2021
Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures
Startup news

Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures

January 19, 2021
How Cloud Computing reshapes businesses?
Startup news

Siply raises $1 million in Seed Round led by Inflection Point Ventures

January 12, 2021
HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures
Startup news

HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures

January 7, 2021
qZense, an agritech start-up secures INR 4.5 Cr seed investment
Startup news

qZense, an agritech start-up secures INR 4.5 Cr seed investment

December 30, 2020
The One-Stop Relocation Platform – HappyLocate
Startup news

The One-Stop Relocation Platform – HappyLocate

December 29, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

Why Charter Networks Are Investing Heavily in Big Data
Tech news

Best Practices Of Financial Investing: Here Is What Experts Are Saying

by Sony T
January 26, 2021
Paid VS Organic Online Traffic: Why you should use them in tandem? 1
Marketing Trends

Paid VS Organic Online Traffic: Why you should use them in tandem?

by Sony T
January 25, 2021
Alibaba Cloud Computing Now Ranked Third-Largest Infrastucture as a Service Provider
Cloud Computing

Alibaba Cloud Computing Now Ranked Third-Largest Iaas Provider

by Srikanth
January 25, 2021
How a SERP Checker Can Improve Your Search Rankings
Marketing Trends

How a SERP Checker Can Improve Your Search Rankings

by Srikanth
January 23, 2021
Meet India’s Atmanirbhar Microprocessor chip ‘Moushik’, meant for IoT devices
Internet Of Things

Meet India’s Atmanirbhar Microprocessor chip ‘Moushik’, meant for IoT devices

by Srikanth
January 22, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.