TRUECARS INDIA logo — For all your used cars needs. We're AutoMotivated !

TRUECARS INDIA

For all your used cars needs. We're AutoMotivated !

Founded 2020 India Delhi, India 2 employees Seed Total: $10.00M Automotive

General Information

Company Name TRUECARS INDIA
Founded Year 2020
Location India Delhi, India +1
Employees 2
Industries Automotive
Funding Stage Seed
Social

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About TRUECARS INDIA

TRUECARS INDIA is a tech-driven venture that has tapped into the used car industry in India, aiming to revolutionize the way used cars are bought and sold. Founded in 2020, the company operates under the brand of Hpacs Technology Private Limited and has received a INR5.00M Seed Round investment on 15 September 2020. As a neutral facilitator, Truecars India provides a transparent auction platform for car dealers and used car traders, ensuring a seamless experience in the B2B channel.

Positioned as an advocate for ethical and fair practices, Truecars India offers a comprehensive and diversified inventory, empowering dealers to actively manage their vehicle stock and enhance their long-term competitiveness. This, coupled with the opportunity for dealers across India to purchase tested and fully documented used cars directly from truecars.co.in, signifies a significant value proposition in the market.

With its commitment to transparency and fair pricing, Truecars India is poised to make a substantial impact on the used car industry in India, while providing an innovative and trustworthy platform for all stakeholders. The recent Seed Round investment will likely fuel the company's growth and further solidify its position in the market.

Taxonomy: used cars, car industry, auction platform, B2B channel, diversification, online marketplace, ethics, fair pricing, sourcing channel, dealer network, technology integration

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• - 15 Sep 2020
Pre Seed Round •••••• - 05 Jun 2020

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FAQ About TRUECARS INDIA

For all your used cars needs. We're AutoMotivated !
TRUECARS INDIA was founded in 2020.
TRUECARS INDIA is headquartered in Delhi, India.
TRUECARS INDIA operates in the following industries: Automotive.
TRUECARS INDIA has approximately 2 employees.
TRUECARS INDIA has completed 2 funding rounds, raising a total of $10.00M. The latest funding stage is Seed.
Top alternatives and competitors to TRUECARS INDIA include CarOutlet, Car From Japan Co., Ltd., Hawk Automotive Group, AllCollectorCars.com, Sharpest Rides. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
TRUECARS INDIA and CarOutlet are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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