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True Balance

True Balance
Later Stage VC LATEST DEAL TYPE (Upcoming)

Developer of a financial application designed to manage prepaid balance. The company's application converts a text message with available balance to infographics so that the users can easily check the balance, purchase a prepaid account, recharge the balance and track the data usage by providing reward ads service, enabling mobile users to get access to enhanced user convenience and save time and minimize costs.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Application Software
Primary Office
  • Office No- 121, 2nd Floor
  • Sector-44
  • Gurgaon, Haryana 122022
  • India

+91 0120 000 0000
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True Balance Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC $46M Upcoming 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
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True Balance Competitors (11)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
MobiKwik Venture Capital-Backed Gurugram, India 000 00000 00000 00000
000000 0000000 000 Formerly VC-backed Mumbai, India 000 000.00 000000&0 000.00
00000000 Venture Capital-Backed Mumbai, India 000 0000 0000000000 0
000000000000 00000 Corporation Mumbai, India 00
00000 Corporate Backed or Acquired Hosur, India 000000&0
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True Balance Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
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
NH Investment & Securities PE/Buyout Minority 000 0000 000000 0
SB Partners PE/Buyout Minority 000 0000 000000 0
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True Balance Executive Team (4)

Name Title Board
Cheolwon Lee Co-Founder & Chief Executive Officer
Choi Jae-il Ph.D Co-Founder, Chief Technology Officer & Team Leader, BH Labs
Jay Yi Co-Founder & Chief Creative Officer
Mohit Diwan Executive

True Balance Board Members (1)

Name Representing Role Since Contact
Joonpyo Lee SoftBank Ventures Asia Board Member 000 0000