https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=TruebilTruebil - Revision history2026-08-21T04:05:30ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Truebil&diff=541973&oldid=prevLucie45F0227: Adding first details more to come - done2024-12-29T01:26:58Z<p>Adding first details more to come - done</p>
<p><b>New page</b></p><div>{{short description|Online car market in India}}<br />
{{Orphan|date=December 2024}}<br />
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{{Infobox website<br />
| name = Truebil<br />
| company_type = [[Public company|Public]]<br />
| type = Online marketplace for trading used cars<br />
| founder = {{plainlist|<br />
* [[Shubh Bansal]]<br />
* Himanshu Singhal<br />
* [[Rakesh Raman]]<br />
* [[Suraj Kalwani]]<br />
* [[Shanu Vivek]]<br />
* [[Ravi Chirania]]<br />
* [[Ritesh Pandey]]<br />
}}<br />
| url = {{URL|truebil.com}}<br />
}}<br />
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'''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.<ref name=":0">{{Cite news|url=http://techcircle.vccircle.com/2017/02/16/used-car-marketplace-truebil-raises-3-mn-from-chinese-vc-fund/|title=Used car marketplace Truebil raises $3 mn from Chinese VC fund|author=Shruti Jain|date=2017-02-16|website=Techcircle.in|access-date=2018-01-16|language=en-US}}</ref> 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.<ref>{{Cite news|url=http://www.business-standard.com/article/news-ani/startups-in-india-that-are-leading-the-race-in-ai-in-2017-117120200491_1.html|title=Startups in India that are leading the race in AI in 2017|agency=[[Asian News International]]|via=[[Business Standard]]|date=2017-12-02|access-date=2018-03-23}}</ref>{{Better source needed|reason=This reference is a guest blog post from the company itself, as such it is self-referencing. There must be an independent source for this|date=March 2018}}<br />
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== History ==<br />
Truebil was co-founded by seven ex-[[Indian Institutes of Technology|IITians]] namely Suraj Kalwani (CEO), Ravi Chirania, Shubh Bansal, Rakesh Raman, Ritesh Pandey, Shanu Vivek, and Himanshu Singhal in 2015.<ref name=":0" /><br />
<br />
Truebil has a presence in 4 Indian cities: Delhi, Mumbai, <br />
Hyderabad and Bangalore.<ref>{{Cite web | url=https://www.livemint.com/auto-news/why-the-second-hand-car-market-is-seeing-a-boom-1557940318102.html |title = Why the second-hand car market is seeing a boom|date = 2019-05-15}}</ref><br />
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== Finance/Funding ==<br />
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 round|Series A funding]].<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/truebil-raises-rs-35-crore-series-a-funding-from-kalaari-capital-inventus-capital-and-tekton-ventures/articleshow/50764399.cms|title=Truebil raises Rs 35 crore Series-A funding from Kalaari Capital, Inventus Capital and Tekton Ventures|date=29 Jan 2016|work=Economic Times}}</ref><ref>{{Cite news|url=http://www.business-standard.com/article/news-ani/truebil-raises-usd-3-million-in-series-a-funding-from-shunwei-capital-117021600411_1.html|title=Truebil raises USD 3 million in Series A funding from Shunwei Capital|last=ANI|date=2017-02-16|work=Business Standard India|access-date=2018-01-16}}</ref> Truebil raised funding from a Japanese firm worth $14M in January 2019.<ref>{{Cite web | url=https://www.vccircle.com/japanese-investor-leads-14-mn-funding-round-in-truebil |title = Japanese investor leads $14-mn funding round in Truebil|date = 2019-01-22}}</ref> In March 2018 Truebil crossed Rs.100 crore in annualized revenue run rate.<ref>{{Cite news | url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/truebil-hits-rs-100-crore-in-annualised-revenue-run-rate/articleshow/64015198.cms | title=Truebil hits Rs 100 crore in annualised revenue run rate| newspaper=The Economic Times| date=2018-05-04| last1=Srinivasan| first1=Supraja}}</ref> In September 2019 it raised $1 million from a Japanese venture capital firm Spiral Ventures.<ref>{{Cite web | url=https://www.vccircle.com/japan-s-spiral-ventures-invests-in-pre-owned-cars-marketplace-truebil/ |title = Japan's Spiral Ventures invests in pre-owned cars marketplace Truebil|date = 2019-09-12}}</ref><br />
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== Services ==<br />
Truebil's services include valuation, sell guarantees, vehicle buying consulting, paper transfer, loan assistance, and insurance, among others.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/online-marketplace-for-used-vehicles-truebil-launches-operations-in-bengaluru/articleshow/55581894.cms|title=Online marketplace for used vehicles Truebil launches operations in Bengaluru|last=Srinivasan|first=Supraja|date=2016-11-23|work=The Economic Times|access-date=2018-01-16}}</ref> The platform offers a marketplace of used and refurbished cars from a variety of sources,<ref name=":0" /> lets customers buy refurbished cars directly from offline Truebil stores that handle all paperwork related to ownership transfer, loan, and insurance.<ref>{{Cite news|url=http://bwdisrupt.businessworld.in/article/Truebil-s-Co-Founder-Shubh-Bansal-Reveals-Plans-to-Move-to-Tier-1-2-Cities-/05-05-2017-117501|title=Truebil s Co Founder Shubh Bansal Reveals Plans to Move to Tier 1 2 Cities|last=Gupta|first=Soumya|work=BW Disrupt|access-date=2018-01-16|language=en}}</ref><br />
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== References ==<br />
{{reflist}}<br />
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[[Category:2015 establishments in Maharashtra]]<br />
[[Category:Internet properties established in 2015]]<br />
[[Category:Automotive industry in India]]</div>Lucie45F0227