Key Metrics
  • No. of Employees199
  • Founded Year 2014
  • Company StagePrivate Limited Company
  • Total Funding₹1,056.23 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About True Balance

Balancehero India Pvt. Ltd. is a fin-tech company that serves as financial platform provider through its app “True Balance” and provides wallet, utility or other payment options, loans, etc. True Balance aims to serve India 2 and 3 with utility payments financial platform for the unbanked users to serve their money for living requirements. With this aim company is enhancing its digital lending arms to serve its customers.


“True balance” initially focused on balance check, data management, before expanding into other service categories such as issuance of pre-paid instruments in the form of digital wallet, UPI, Utility bill payment, Recharge Loan.

Business Model

True Balance is a digital lending app that provides personal loans ranging from ₹1,000 to ₹1,00,000 through its registered NBFC, True Credits Pvt Ltd. It facilitates access to financial services, offering cash loans to users seeking small to medium-sized amounts.

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True Balance Funding Details
Funding Highlights
Latest Funding RoundDebt Financing
Total Funding Raised₹1,056.23 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors3
Investors
  • SoftBank Ventures, IMM Investment, LINE Ventures
True Balance Financial Details
Financial Highlights
FY 2023-24 Revenue₹673.19 Cr
FY 2023-24 Expenses₹434.32 Cr
FY 2023-24 Profit/Loss₹137.53 Cr
Net Cash Flow From Operations-₹146.33 Cr
True Balance Key People
People Metrics
Current Core Team1
Board Members/Directors4

Core Team

CL
Cheolwon Lee Founder & CEO

Board Members/Directors

CL
Cheolwon LeeDirector
CY
Chae Yong YiDirector
SB
Souparno BagchiDirector
GS
Gaurav SharmaDirector
True Balance Documents

AY - 2020-21

Profit and Loss statement - True Balance - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of True Balance for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - True Balance - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of True Balance for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - True Balance - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of True Balance for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - True Balance - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of True Balance for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and Loss statement - True Balance - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of True Balance for FY 2022-23.
₹249.00 ₹498.00
Balance Sheet - True Balance - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of True Balance for FY 2022-23.
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - True Balance - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of True Balance for FY 2023-24
₹249.00 ₹498.00
Balance sheet - True Balance - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of True Balance for FY 2023-24
₹249.00 ₹498.00

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