# Truelancer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/truelancer

- Industry: Internet
- Headquarters: New Delhi, India
- Website: www.truelancer.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jan 4, 2016)
- Investors on record: 1

## About

Truelancer is an online platform that connects freelancers with clients, facilitating the hiring process across various service categories such as graphic design, writing, and web development.Truelancer operates as a platform that connects freelancers with clients seeking various services. Founded by Dipesh Garg, the company is headquartered in New Delhi, India. In January 2016, Truelancer raised INR 3.19 million in Seed funding from Blackstone Valley Group, marking its first funding round. The company has a total amount raised of INR 3.19 million and a current valuation of INR 74.328 million.Truelancer primarily serves as an online marketplace that connects freelancers with clients looking for diverse freelance services. It allows businesses and individuals to post projects in categories like graphic design, writing, web development, and digital marketing. Clients can post job listings, review freelancer profiles, assess proposals, and select suitable candidates, streamlining the hiring process for small businesses and entrepreneurs. The platform hosts over 2 million freelancers from 120 countries and caters to clients globally, including those from the United States, United Kingdom, India, and Southeast Asia.In the most recent year, 2022, Truelancer reported revenues of INR 124,721,177 and an EBITDA of INR 20,743,855.6. The company's revenue model is based on transaction fees charged to clients for hiring freelancers and subscription fees for premium services like Truelancer Prime, which provides access to top-rated freelancers and project management support.Truelancer plans to leverage the recent Seed funding of INR 3.19 million raised in January 2016 to enhance its platform capabilities and expand into new geographic markets. Specific plans include launching new product features aimed at improving the freelancer-client matching process and exploring markets in Europe and Australia by the end of 2024. The funding will also support marketing initiatives to increase brand visibility and attract more users to the platform.

## Funding rounds

- Seed, Jan 4, 2016, $0.1M — Blackstone Valley Group

## Investors

- Blackstone Valley Group (https://capitalatlas.ai/funds/blackstone-valley-group) — Seed