# Paix Technology Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paix-technology-private

- Industry: Internet
- Headquarters: Mumbai, India
- Website: www.truebil.com
- Total disclosed funding: $19M
- Latest round: Series B (Aug 23, 2019)
- Investors on record: 6

## About

Paix Technology Private Limited is a technology-driven company specializing in innovative solutions for the automotive industry, primarily focused on enhancing the buying and selling processes of vehicles through user-friendly digital platforms.Founded in 2015 and headquartered in Mumbai, India, Paix Technology Private Limited operates in the automotive sector, providing technological solutions that streamline vehicle transactions. The company was acquired by Valuedrive Technologies Private Limited in August 2020, further integrating its services within a larger portfolio. The founder's background in technology development reinforces the company's commitment to innovation. The company has successfully completed a total of 10 deals, with its latest funding round being a Series B, raising INR 68.95 mn, contributing to a total amount raised of INR 68.95 mn and a current valuation of INR 2224.622 mn.Paix Technology Private Limited provides a suite of digital solutions focused on the automotive market. Their offerings include online platforms for buying and selling vehicles, which emphasize quality assurance and customer satisfaction. The company facilitates a comprehensive user experience that includes transparent pricing and guarantees, aiming to make vehicle transactions efficient and trustworthy for consumers in major Indian metropolitan areas.In the most recent financial year of 2021, Paix Technology reported a revenue of INR 2,425,377.30 and an EBITDA of INR 684,655.90, reflecting their operational performance in the automotive technology sector.Paix Technology plans to enhance its product offerings with new features to improve customer experience by mid-2023. The company aims to expand its services into additional Indian cities and potentially explore international markets. The recent Series B funding will be utilized to support product development and market expansion initiatives, as outlined during their acquisition by Valuedrive Technologies Private Limited.

## Funding rounds

- Series B, Aug 23, 2019, $1M — Spiral Ventures
- Series B, Feb 11, 2019, $6.1M — Inventus Capital Partners, Kalaari Capital, Kae Capital, Shunwei Capital, Tekton Ventures
- Series B, Oct 10, 2018, $2M — Inventus Capital Partners, Kae Capital, Shunwei Capital, Tekton Ventures
- Series B, Sep 12, 2018, $1M — Kalaari Capital
- Series A, Feb 10, 2017, $3M — Shunwei Capital
- Series A, Nov 5, 2015, $5.3M — Inventus Capital Partners, Kalaari Capital, Kae Capital, Tekton Ventures
- Seed, Jun 1, 2015, $0.5M — Kae Capital

## Investors

- Kae Capital (https://capitalatlas.ai/funds/kae-capital) — Seed, Series A, Series B
- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Series A, Series B
- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Series A, Series B
- Tekton Ventures (https://capitalatlas.ai/funds/tekton-ventures) — Series A, Series B
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A, Series B
- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Series B