Used car marketplace Truebil raises $3 mn from Chinese VC fund

CarcrewTruebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money raised will also go into skill development and upgrading […]

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Used car marketplace Truebil raises $3 mn from Chinese VC fund

CarcrewTruebil, an online marketplace for pre-owned cars, has secured $3 million (about Rs 20 crore) in a follow-on series A funding round from China-based Venture Capital Fund Shunwei Capital. The amount will fund the company’s expansion plans, apart from streamlining its operations. Part of the money raised will also go into skill development and upgrading […]

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Used car portals on a fundraising spree

carOnline automobile marketplace, especially for used cars and other vehicles, is a fast growing segment that has seen a lot of investments flowing in alongside a few mergers and acquisitions. Enthused by the growing customer base and transactions on these platforms, South African internet and digital media firm Naspers launched its used car platform Stradia.in […]

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Pre-owned car marketplace HopCar merges with Spinny

cars-by-junaidOnline pre-owned automobile marketplace HopCar has merged its operations with bigger rival Spinny. The merged entity will continue to operate under Spinny’s brand name with the four co-founders of HopCar becoming core team members at Spinny. The merger allows Delhi-based Spinny to further strengthen its position in the Delhi-NCR region and bring greater efficiency to […]

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Used cars marketplace Truebil gets $5M from Kalaari, others

tubebil_feTruebil, an online marketplace for used vehicles, has raised $5.15M (Rs 35 crore) in Series A funding from Kalaari Capital, Inventus Capital and San Francisco-based Tekton Ventures, besides existing investor Kae Capital. The Mumbai-based startup, run by Paix Technology Pvt Ltd, will use the money secured to expand operations into Delhi, Bangalore, Chennai and Hyderabad. […]

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Used car sales startup Truebil claims to add 40 cars on platform everyday; to add new monetisation channel

Used car marketplace Truebil, started by former employees of Housing.com, plans to expand services to eight more cities with an eye on facilitating daily sale of about 60 cars on its platform by the current-year end. The Mumbai-based company, which is run by Paix Technology Pvt Ltd, presently sells four cars everyday through the virtual […]

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Online used cars listing startup Truebil raises $500K from Kae Capital and Anupam Mittal

Online portal for buying and selling pre-owned automobiles Truebil, started by former Housing.com employees, has raised $500,000 (RS 3.17 crore) in its first round of funding from seed stage VC fund Kae Capital and angel investor Anupam Mittal. Truebil, run by Taix Technology Pvt Ltd, will utilise the funds to expand operations to other cities […]

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