Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 14 2019

Used car marketplace Truebil secures $1 mn funding to strengthen its technological infrastructure

The Mumbai-based company runs an online portal to sell pre-owned cars and offers services like affordable car loans, paper transfer, warranty servicing, emergency roadside assistance and insurance renewal.

Used car marketplace Truebil secures $1 mn funding to strengthen its technological infrastructure

Pre-owned car marketplace Truebil has secured $1 million from from Japanese venture capital firm Spiral Ventures. The fresh capital will be used by the company funds to strengthen its technological infrastructure.

This funding comes just months after the Mumbai-based company raised $14 million in its Series B funding round led by Japanese investor Joe Hirao. The round has also seen participation from existing investors Kalaari Capital, Inventus Capital, Kae Capital, Chinese venture firm Shunwei Capital and the San Francisco-based Tekton Ventures.

Founded in 2015, Truebil is operated by Paix Technology Pvt Ltd. The Mumbai-based company is running an online portal to sell pre-owned cars and offers services like affordable car loans, paper transfer, warranty servicing, emergency roadside assistance and insurance renewal.

Currently, Truebil is operating in Mumbai, Delhi and Bengaluru.

Want to invest in a refurbished automobile franchise? Visit Franchise India 2019, Asia’s Biggest Franchise & Retail Show, and give wings to your entrepreneurial dreams.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Biryani queen is a unique & Conceptualized QSR brand,..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Started in the year 1999 with great passion and..
    Locations looking for expansion Tamil nadu
    Establishment year 1999
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Facility Management
    About Us: GD Water Consultants mission is to be dedicated to..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Sweetshop
    About Us: Chhappan Bhog is a reputed name in premium quality..
    Locations looking for expansion West bengal
    Establishment year 1981
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities