True Balance Overview

  • Founded
  • 2014
Founded
  • Status
  • Private
  • Employees
  • 126
Employees
  • Latest Deal Type
  • Series D
  • Latest Deal Amount
  • $28M
Latest Deal Amount
  • Investors
  • 21

True Balance General Information

Description

Provider of financial services through a mobile application aimed at users in small cities and towns in India. The company offers services including utility bill payments, e-commerce purchases, essential insurance, and online lending, allowing unbanked users from smaller cities to utilize digital financial services and digital lending facilities.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Consumer Finance
Other Industries
Other Financial Services
Financial Software
Primary Office
  • 5th Floor, The Circle.Work
  • Huda City Center, Sector 29
  • Gurgaon, Haryana 122001
  • India
+91 0120 000 0000

True Balance Timeline

2018201920202021
Financing RoundCaptured Employee CountEstimated Employee Growth
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True Balance Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series D) 18-Nov-2020 $28M 000.00 Completed Generating Revenue/Not Profitable
6. Later Stage VC (Series C) 15-Oct-2019 0000 000.00 Completed Generating Revenue/Not Profitable
5. Early Stage VC (Series B2) 03-May-2019 0000 000.00 Completed Generating Revenue/Not Profitable
4. Early Stage VC (Series B) 20-Feb-2017 0000 000.00 Completed Generating Revenue/Not Profitable
3. Early Stage VC (Series A) 29-Mar-2016 00.00 00.00 Completed Startup
2. Seed Round 01-Jan-2015 $1M Completed Startup
1. Accelerator/Incubator 01-Jan-2015 $1M $1M Completed Startup
To view True Balance’s complete valuation and funding history, request access »

True Balance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of financial services through a mobile application aimed at users in small cities and towns in India. The compa
Consumer Finance
Gurgaon, India
126 As of 2020
000.00
00000000000 000.00

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000000000 00000000
Mumbai, India
000 As of 0000
0000
0000000000 0

00000000

g elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam,
000000000 00000000
Bangalore, India
0000 As of 0000
00000
00 0000-00-00
00000 00000
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True Balance Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Suvidhaa Venture Capital-Backed Mumbai, India 000 0000 0000000000 0
00000000 Venture Capital-Backed Bangalore, India 0000 00000 00000 00000
00000 Venture Capital-Backed Noida, India 00000 00.000 00000 00000
00000 Formerly Accelerator/Incubator backed Hosur, India 0 000000&0
0000000000 (000000 Formerly VC-backed Mumbai, India 000 000.00 000000&0 000.00
You’re viewing 5 of 7 competitors. Get the full list »

True Balance Executive Team (5)

Name Title Board Seat Contact Info
Cheolwon Lee Co-Founder & Chief Executive Officer
Vishal Bhatia Chief Financial Officer, BHI
Choi Jae-il Ph.D Co-Founder, Chief Technology Officer & Team Leader, BH Labs
Jay Yi Co-Founder & Chief Creative Officer
You’re viewing 4 of 5 executive team members. Get the full list »

True Balance Board Members (1)

Name Representing Role Since
Joonpyo Lee SoftBank Ventures Asia Board Member 000 0000
To view True Balance’s complete board members history, request access »

True Balance Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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True Balance Investors (21)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Daesung Private Equity Venture Capital Minority 000 0000 000000 0
D3 Jubilee Corporation Minority 000 0000 000000 0
ES Investor Venture Capital Minority 000 0000 000000 0
HB Investment Venture Capital Minority 000 0000 000000 0
IBK Capital (Korea) Corporation Minority 000 0000 000000 0
You’re viewing 5 of 21 investors. Get the full list »