Trubil, a Mumbai-based e-commerce platform for buying and selling used cars, has raised $14 million in a mix of equity and debt funding in its Series B round led by Japanese investor Joe Hirao.
With new capital coming to the company, it is now planning to foray across five other Indian cities and strengthen its technology-based stack. With this new capital infusion, the company has announced that its total funding has reached $22.4 million.
As said, the startup runs an online portal to sell pre-owned cars and offers services such as affordable car loans, paper transfer, warranty servicing, emergency roadside assistance, and insurance renewal. It vets used cars, prepares inspection reports and uploads photographs of dents or scratches, allowing buyers to shortlist their preferred choice for purchase.
Suraj Kalwani, chief executive of
The company, which currently operates in Mumbai, Delhi