Truebil
Truebil.com, based in Mumbai, is a marketplace for trading used cars. Launched on 13th March 2015, Truebil.com is a one stop shop for trading pre-owned cars in major Indian cities like Mumbai, Bangalore and Delhi[1]
History
Truebil.com is envisioned as an online portal to facilitate a hassle-free process of buying and selling used cars. Seven ex-IITians namely Suraj Kalwani (CEO), Ravi Chirania, Shubh Bansal, Rakesh Raman, Ritesh Pandey, Shanu Vivek and Himanshu Singhal, from diverse professional backgrounds co-founded Truebil in 2015[1]
Finance
Truebil attracted investment from multiple sources. 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 gathered an additional $3 million from Shunwei in Follow-on Series A funding[2][3]
Services
Truebill offers features like valuation, quick sell guarantee, vehicle buying consulting, smooth paper transfer, loan assistance and insurance, among others.[4] It is ideally a full stack online to offline transactional platform with two major offerings
- Curated Marketplace (for value-seeking consumers) – Acts as a curated marketplace for customers who can choose from a wide range of high quality refurbished used cars at affordable rates.[5]
- Truebil Direct (for convenience-seeking consumers) – Launched in November 2016, this model enables customers to buy refurbished cars directly from offline dark stores of Truebil located in Delhi, Mumbai, and Bangalore. Truebil speeds up the purchase process by handling all paperwork related to ownership transfer, loan and insurance[6]
External Link
References
- ^ a b "Used car marketplace Truebil raises $3 mn from Chinese VC fund". Techcircle.in - India startups, internet, mobile, e-commerce, software, online businesses, technology, venture capital, angel, seed funding. 2017-02-16. Retrieved 2018-01-16.
- ^ "Truebil raises Rs 35 crore Series-A funding from Kalaari Capital, Inventus Capital and Tekton Ventures". Economic Times. 29 Jan 2016.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ ANI (2017-02-16). "Truebil raises USD 3 million in Series A funding from Shunwei Capital". Business Standard India. Retrieved 2018-01-16.
- ^ Srinivasan, Supraja (2016-11-23). "Online marketplace for used vehicles Truebil launches operations in Bengaluru". The Economic Times. Retrieved 2018-01-16.
- ^ "Used car marketplace Truebil raises $3 mn from Chinese VC fund". Techcircle.in - India startups, internet, mobile, e-commerce, software, online businesses, technology, venture capital, angel, seed funding. 2017-02-16. Retrieved 2018-01-16.
- ^ Gupta, Soumya. "Truebil s Co Founder Shubh Bansal Reveals Plans to Move to Tier 1 2 Cities". BW Disrupt. Retrieved 2018-01-16.