Company Name : Truebil
Funding Amount : Rs 35 Crore
Investor(s) Kalaari Capital Inventus Capital. Tekton Ventures.
Funding Round : Series A
Mumbai based Truebil raises Rs 35 Crore In Series A funding from Kalaari Capital, Inventus Capital and Tekton Ventures. Existing Investor, Kae Capital also participated in the round.
Launched in 2015, Truebil is an online marketplace for buying and selling second hand cars. By the end of next year, the company plans to launch operations in Bangalore and Delhi and aims to complete 1,500 transactions a month.
The startup had earlier raised Rs 3.2 crore from Kae Capital and expanded across Mumbai.