India is witnessing a rapidly changing consumer preference and there has been a consequent increase in demand for used cars in recent years. Rapid technological adoption has been the backbone of Truebil’s massive growth and these additional funds will be used to strengthen the technology stack. Previously Truebil has raised $14M in series B round in 2019. Following a seamlessly integrated online and offline model, Truebil has developed proprietary tech-enabled evaluation mechanisms such as Recommendation System for personalized user experience, TruePrice to predict the accurate selling price, Procurement Score to determine the right procurement price, Dynamic Pricing to change the price based on a car’s demand in the market and TrueScore, a super-efficient rating meter.
Truebil has successfully managed to achieve precious insights on rapidly changing consumer preferences and consequent increase in demand for used cars in recent years. The company is currently doing  ₹350Cr of annual revenue run rate with an aim to grow 3x this fiscal.

About Truebil:
Rapid technological adoption has been the backbone of Truebil’s massive growth. Truebil, India’s leading auto tech company has managed to achieve precious insights on rapidly changing consumer preferences and consequent increase in demand for used cars in recent years. The company leverages this information gathered to build state-of-the-art machine learning algorithms. Following a seamlessly integrated online and offline model, Truebil has developed proprietary tech-enabled evaluation mechanisms such as Recommendation System for personalized user experience, TruePrice to predict the accurate selling price, Procurement Score to determine the right procurement price, and Dynamic Pricing to change the price based on a car’s demand in the market.  And TrueScore, Truebil’s super-efficient rating meter. The comprehensive measure gives the customer a fair idea of the condition of the used car. It takes into account several factors like the brand, age, price, mileage, history, etc.and provides a numeric index on the scale of 0-5. Every used car on sale on the Truebil site is given a rating between 0 and 5, which helps a customer to take the right decision. The higher the index, the better the car.
They also have specific features about both naïve buyers (Car Suggestion) as well as pro buyers (Price-scale-search). With customer convenience as their priority, Truebil also offers features like valuation, quick sell guarantee, vehicle buying consulting, smooth paper transfer, loan assistance, and insurance, among others. Further, their tech-led approach has enabled them to develop a React Native App, helping them make changes on all three platforms (web, android, and iOS) simultaneously and reduce development efforts significantly. The company has an active presence across all the metro cities in India including Mumbai, Delhi, and Bangalore, and is empowering a broad range of customers with better-informed pre-owned car sale and purchase decisions through their innovative features