When was Truebil founded?

Truebil was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Truebil located?

Truebil is headquartered in Mumbai, India. It is registered at 401, 4th Floor, Shree Krishna Plaza, Behind Hind Mata School, Digha, Thane, Navi Mumbai, Maharashtra, India, 400708.

Which legal entities is Truebil associated with?

Truebil is associated with PAIX TECHNOLOGY PRIVATE LIMITED.

How many employees does Truebil have?

As of Aug 31, 2026, the latest employee count at Truebil is 119.

Is Truebil a funded company?

Truebil is a funded company, having raised a total of $26.9M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 01, 2015.

How much is Truebil worth?

The last known valuation of Truebil was $***** as of Aug 23, 2019.

When was the latest funding round of Truebil?

Truebil's latest funding was a $***** Series B round on Aug 23, 2019, with participation from 1 investor.

What is the annual revenue of Truebil?

Annual revenue of Truebil is between ₹100 Cr and ₹500 Cr as on Mar 31, 2022

Where does Truebil rank among its competitors?

Truebil ranks 6th amongst 159 active competitors, of which 6 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Spinny, which secured $90M in Dec, 2025.

Who are the top competitors of Truebil?

Truebil's top competitors include Spinny, Cars24 and Droom. Among them, Spinny secured the most recent funding round in December, 2025.

Truebil - 2026 Company Profile, Team, Funding, Competitors & Financials

Truebil is an acquired company based in Mumbai (India), founded in 2015 by Rakesh Raman and Shanu Vivek. It operates as an Online P2P marketplace for used cars. Truebil has raised $26.9M in funding from investors like Kalaari Capital, Kae Capital and Shunwei Capital, with last known valuation of $*****. The company has 159 active competitors, including 6 funded and 6 that have exited. Its top competitors include companies like Spinny, Cars24 and Droom.

Company Details

Truebil is an online P2P marketplace to buy & sell used cars. Users can list their cars through the platform after inspection by the company representative. It offers value-added services including paper transfer, car insurance & car loan. Buyers can find the cars they want to buy through the platform & can make an online payment.

Website: truebil.com
Social
Email ID: *****@truebil.com
Phone Number: +91 **********
Registered Address: 401, 4th Floor, Shree Krishna Plaza, Behind Hind Mata School, Digha, Thane, Navi Mumbai, Maharashtra, India, 400708

Key Metrics

Founded Year

2015

Location

Mumbai, India

Stage

Acquired

Total Funding

$26.9M in 8 rounds

Latest Funding Round

Series B, Aug 23, 2019, $*****

Last Known Valuation

$***** as on Aug 23, 2019

Investors

Kalaari Capital & 10 more

Ranked

6^th among 159 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2022

Employee Count

119 as on Aug 31, 2026

Similar Companies

CarSwitch & 150 more

Exit Details

Acquired by Spinny (Aug 06, 2020)

View Truebil's full profile

Truebil is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PAIX TECHNOLOGY PRIVATE LIMITED CIN: U72900MH2015PTC262707 , India, Under liquidation	Mar 13, 2015	₹100 - ₹500 Cr (As on Mar 31, 2022)	5 (As on Oct 01, 2021)

Truebil got acquired by Spinny on Aug 06, 2020.

Click here to take a look at Truebil's acquisition in detail

Truebil has raised a total funding of $26.9M over 8 rounds. Its first funding round was on Jun 01, 2015. Its latest funding round was a Series B round on Aug 23, 2019 for $*****. 1 investor participated in its latest round. Truebil has 9 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Truebil:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 23, 2019	8010876	Series B	5726380	9642594	6137165	5248629
Jan 22, 2019	5768191	Conventional Debt	4152506	5868336	3271110	Joe Hirao
Jan 22, 2019	3550803	Series B	2269560	2888412	Joe Hirao	Kalaari Capital & 4 more

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View details of Truebil's funding rounds and investors

The founders of Truebil are Rakesh Raman and Shanu Vivek.

Here are the details of Truebil's key team members:

Rakesh Raman: Former Co-Founder & Chief Product Officer of Truebil and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 2 email addresses and 2 phone numbers
Shanu Vivek: Former Co-Founder & Digital Marketing Head of Truebil and founder of 2 other companies, Reel Saga and GolBol.
Contact Info: 1 email address and 1 phone number

Truebil's Board of Directors

Truebil's board has 6 active members. Sasha Gulu Mirchandani, Suraj Kalwani, Shubh Bansal, Ravi Kumar Pawan Kumar Chirania, Rutvik Doshi and Tuck Lye Koh are part of team.

Here is the list of Truebil's board of directors:

Name	Type	Representing	Status	Duration
Suraj Kalwani	Team	-	Current	11y 5m
Shubh Bansal	Team	-	Current	11y 5m
Ravi Kumar Pawan Kumar Chirania	Team	-	Current	11y 5m
Sasha Gulu Mirchandani	Investor	Kae Capital	Current	10y 8m
Rutvik Doshi	Investor	Inventus Capital Partners	Current	10y 8m
tpmzkmq	Investor	khxxbnf	Current	5y 3m
iujgdnc	Investor	fslvhfd	Past	7y 7m

View details of Truebil's Founder profiles and Board Members

Truebil's employee count trend

Truebil has 119 employees as of Aug 26. Here is Truebil's employee count trend over the years:

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Top competitors of Truebil include Spinny, Cars24 and Droom. Here is the list of Top 10 competitors of Truebil, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Spinny 2015, Gurugram (India), Series G	Retailer of inspected pre-owned vehicles with home delivery service options	$698M	Accel, Tiger Global Management & 56 others	76/100
2nd	Cars24 2015, Gurugram (India), Series G	Retailer of used vehicles, new vehicle information, loans, and related services	$1.08B	Alpha Wave Global, DST Global & 73 others	76/100
3rd	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Finvolve & 67 others	74/100
4th	CarDekho 2008, Jaipur (India), Funding Raised	App based platform offering car buying, selling, and comparison services	-	Madison India Capital	73/100
5th	CarWale 2003, Mumbai (India), Acquired	Online listing platforms that facilitate the sale of second-hand cars	$5.85M	Sierra Ventures, SVB & 12 others	72/100
6th	Truebil 2015, Mumbai (India), Acquired	Online P2P marketplace for used cars	$26.9M	Trifecta Capital, Kalaari Capital & 9 others	64/100
7th	CarTrade Tech 2006, Mumbai (India), Public	Online marketplace for used cars	$328M	Temasek, Canaan & 26 others	62/100
8th	ZigWheels 2008, Jaipur (India), Acquired	Online portal to find new and used car deals	-	-	59/100
9th	CarTrade 2006, Navi Mumbai (India), Unfunded	Operator of online marketplaces for buying and selling motor vehicles	-	-	58/100
10th	Mahindra First Choice 2007, Mumbai (India), Series C	Retailer of certified, pre-owned vehicles, providing inspection, warranty, and finance options	$72.3M	Mahindra, Valiant Mauritius Partners FDI ... & 21 others	51/100

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Founders own 26.11%, Funds (largest shareholder) own 58.60%, Angels own 11.54% and ESOP Pool own 3.73%. The net worth of Truebil's founders is INR 82.2Cr as of Aug 23, 2019.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	26.11%	82.2Cr	8014334	4653855	7119517	9324476
Rakesh Raman	5530	9368	9129	9018	7157	3041
Shanu Vivek	0	0	0	0	0	0
Fund	58.60%	184Cr	4475135	6829098	7250595	2472560
Kalaari Capital	7977968	7417637	6165098	4180599	2914646	5396552
Athera	7410814	4137861	9467834	1708094	8192145	2631530
Spiral Ventures	21	78	30	29	82	72
Trifecta Capital	0	0	0	0	0	0
Angel	11.54%	36.3Cr	9117625	2521280	7861471	9155736
Joe Hirao	2740940	2585574	4443520	3476564	6010673	9945207
ESOP Pool	3.73%	11.7Cr	482	585	908	764
Total	99.98%	315Cr	5720770	3479027	8204372	9464194