Truebil, India’s Leading Used Cars Marketplace, Raises Funding From the Japanese Venture Capital Firm Spiral Ventures

Mumbai, 11 September 2019: Truebil, the leading automotive technology platform in India, raised 1 million dollars from Spiral Ventures, a Japanese venture capital firm.

In India, customer preference has changed rapidly, and in latest years there has been an increase in demand for used cars. The quick technological implementation has been the cornerstone of huge development for Truebil and these extra resources are used to strengthen the stack of technologies. Previously in the 2019 series B round, Truebil raised $14 million.

In latest years, Truebil has succeeded in achieving valuable perspectives on quickly evolving customer preferences and consequently increased demand for used cars. At the moment the company is at an annual revenue level of INR 350 Cr in order to increase 3x this fiscal.