By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Used car platform Truebil raises ₹100 crore
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
Used Car

Used car platform Truebil raises ₹100 crore

Loknath Das
Last updated: 2019/01/23 at 8:47 AM
By Loknath Das 1 Min Read
Share
SHARE

Omni-channel platform for buying and selling used cars Truebil has raised ₹100 crore in Series B round through a mix of equity and debt.

With this round, the total funds raised by Truebil stands at ₹160 crore. The latest round was led by leading Japanese investor Joe Hirao, founder of Tokyo-based classified website ZIGExN. Existing investors Kalari, Inventus, Kae, Shunwei, and Tekton have also participated in this round. Merisis Advisors were the investment bankers for this round of funding.

The company will be using the funds to expand the business in other geographies and strengthen the technology stack.

Suraj Kalwani, CEO of Truebil, said that the company has raised the fresh funds at a time when it is already operationally profitable.

“This reflects the success of our efforts in bringing trust and assurance in the used car industry. We are currently selling over 600 cars per month and with our strong tech backbone we are making aggressive strides towards becoming the numero uno used car retailer platform in India,” he added.

[“source=thehindubusinessline”]

You Might Also Like

Over the Next Ten Years, the Used Car Industry

The Future of Used Cars: Why Pre-Owned Vehicles Are the Best Option

Utilized vehicle costs are falling quick

Here’s The reason Vehicle Could Begin exposed?

Top 6 Hints To Track down Solid Recycled Vehicle Vendors in Delhi

TAGGED: Car, Crore, Platform, Raises, Truebil, Used, ₹100
Loknath Das January 23, 2019
Share
Previous Article New Maruti Suzuki Ertiga Review: Full Review by Kranti Sambhav
Next Article New WagonR: 5 reasons why the latest Maruti car may give competitors like Santro and Tiago a tough challenge

Calendar

June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    

Latest Trending News

  • How the future will be altered by artificial intelligence May 27, 2025
  • Cybersecurity audit: what it is and why you need one? May 19, 2025
  • Over the Next Ten Years, the Used Car Industry May 8, 2025
  • Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business May 3, 2025
  • What Should My Video Game Room Have? April 28, 2025
  • Personalized advertising fuels growth and drives competitiveness for European businesses April 28, 2025
  • Personalization, AI, and the future of retail April 14, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?