From a used car marketplace to an artists' platform: 4 rising start-ups

Pre-owned car marketplace Truebil has raised $3 mn, reports Tech in Asia

A used car marketplace becomes the object of a maiden investment from Lei Jun’s VC, while a couple of acquisitions and some funding round out our list of start-ups in India that are movin’ on up.

Truebil

Pre-owned car marketplace Truebil has raised $3 million from Shunwei Capital. Shunwei is Xiaomi founder Lei Jun’s VC fund.

The fund focuses on mobile internet and IoT, and primarily invests in early and growth stage start-ups.

Founded in March 2015, Mumbai-based Truebil is a marketplace for pre-owned vehicles. It has a full stack model called Truebil Direct that buys cars from sellers, gets them refurbished, and lists