When was Truscholar founded?

Truscholar was founded in 2019 and raised its 1st funding round 3 years after it was founded.

Where is Truscholar located?

Truscholar is headquartered in Amravati, India. It is registered at Shop No. 1980, 3rd Floor, Nanda Motors, Nawathe Square, Badnera Road, Shivaji Nagar (Amravati), Amravati, Amravati, Maharashtra, India, 444603.

Who is the current CEO of Truscholar?

Mayur Zamvar of Truscholar. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Truscholar associated with?

Truscholar is associated with ASSET CHAIN TECHLLIGENCE PRIVATE LIMITED.

How many employees does Truscholar have?

As of Jun 30, 2026, the latest employee count at Truscholar is 66.

Is Truscholar a funded company?

Truscholar is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 04, 2022.

How much is Truscholar worth?

The latest valuation of Truscholar is ₹***** as of Aug 05, 2026.

When was the latest funding round of Truscholar?

Truscholar's latest funding was a $***** Seed round on Apr 17, 2026, with participation from 0 investor. Its primary sector is Higher Education Tech. In India, the Higher Education Tech sector has seen $93.7M in funding in 2026 to date.

What is the annual revenue of Truscholar?

Annual revenue of Truscholar is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Truscholar rank among its competitors?

Truscholar ranks 8th amongst 75 active competitors, of which 14 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Truscholar, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of Truscholar?

Truscholar's top competitors include ZeeMee, Parchment and Verix. Among them, Truscholar secured the most recent funding round in April, 2026.

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

Truscholar is a seed company based in Amravati (India), founded in 2019 by Mayur Zamvar and Samit Surendra Singhai. It operates as a Provider of blockchain technology for issuing and verifying digital credentials. Truscholar has raised an undisclosed amount in funding from SucSEED Indovation, with a current valuation of ₹*****. The company has 75 active competitors, including 14 funded and 6 that have exited. Its top competitors include companies like ZeeMee, Parchment and Verix.

Company Details

Provider of blockchain technology for issuing and verifying digital credentials. This platform enables institutions to generate tamper-proof certificates, badges, and academic records. It facilitates the digital distribution of documents while allowing for authentication through decentralized networks. The system integrates with existing institutional databases to manage records and supports compliance with national education standards for digital depositories.

Website: www.truscholar.io/
Social
Email ID: *****@truscholar.io
Phone Number: +91 **********
Part Of
Registered Address: Shop No. 1980, 3rd Floor, Nanda Motors, Nawathe Square, Badnera Road, Shivaji Nagar (Amravati), Amravati, Amravati, Maharashtra, India, 444603

Key Metrics

Founded Year

2019

Location

Amravati, India

Stage

Seed

Latest Funding Round

Seed, Apr 17, 2026, $*****

Post Money Valuation

₹***** as on Aug 05, 2026

Investors

SucSEED Indovation & 3 more

Ranked

8^th among 75 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

66 as on Jun 30, 2026

Similar Companies

ZeeMee & 102 more

View Truscholar's full profile

Truscholar is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ASSET CHAIN TECHLLIGENCE PRIVATE LIMITED CIN: U93090MH2019PTC334696 , India, Active	Dec 19, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	1 (As on Mar 31, 2025)

Truscholar has raised funding over 2 rounds. Its first funding round was on May 04, 2022. Truscholar has 4 institutional investors.

Here is the list of recent funding rounds of Truscholar:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 17, 2026	9308397	Seed	4174824	3380983	7067223	2101933
May 04, 2022	2690938	Seed	1950527	3689652	SucSEED Indovation	Padup Ventures & 2 more

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View details of Truscholar's funding rounds and investors

The founders of Truscholar are Mayur Zamvar and Samit Surendra Singhai. Mayur Zamvar is the CEO of Truscholar.

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

Mayur Zamvar: Co-Founder & CEO & CFO of Truscholar 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: 1 email address and 1 phone number
Samit Surendra Singhai: Co-Founder & CPTO of Truscholar and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Truscholar's Board of Directors

Truscholar's board has 2 active members. Mayur Zamvar and Samit Surendra Singhai are part of team.

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

Name	Type	Representing	Status	Duration
Mayur Zamvar	Team	-	Current	6y 7m
Samit Surendra Singhai	Team	-	Current	6y 7m

View details of Truscholar's Founder profiles and Board Members

Truscholar's employee count trend

Truscholar has 66 employees as of Jun 26. Here is Truscholar's employee count trend over the years:

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Top competitors of Truscholar include ZeeMee, Parchment and Verix. Here is the list of Top 10 competitors of Truscholar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ZeeMee 2014, Mountain View (United States), Series A	Digital portfolio supplementing applications process for college admissions	$5.8M	BlueRun Ventures, Mavcap	50/100
2nd	Parchment 2003, Phoenix (United States), Acquired	Secure credential management platform connecting learners, institutions, and employers	$83.5M	The Raine Group, Salmon River Capital & 5 others	48/100
3rd	Verix 2022, Tortola (Spain), Funding Raised	Provider of blockchain-secured digital awards, credentials, and certificates	-	Aureolis Ventures	43/100
4th	AssetChain 2019, Amravati (India), Seed	Blockchain-enabled identity and asset management	$1.17M	SucSEED Indovation, Padup Ventures & 51 others	41/100
5th	Bulb 2011, Fort Collins (United States), Series B	Digital portfolios for students and teachers	$19M	Zeeland Ventures	41/100
6th	BridgeEdU 2014, Baltimore (United States), Acquired	Alternative freshmen year course for driving engagement	$4.8M	Lumina Foundation, Venture for America	41/100
7th	Pathbrite 2012, San Francisco (United States), Acquired	Portfolios for educators	$11.8M	Rethink Capital Partners, ACT & 4 others	40/100
8th	Truscholar 2019, Amravati (India), Seed	Provider of blockchain technology for issuing and verifying digital credentials	-	The Indus Entrepreneurs, Vinners & 2 others	40/100
9th	Certify Me 2020, Bengaluru (India), Seed	Provider of verifiable digital credential and badge management software	$115K	Callapina, Arjunaid Ventures & 9 others	40/100
10th	iCredify 2014, Bengaluru (India), Unfunded	Provider of credential verification solutions	-	-	38/100