Balancehero is a company that developed the True Balance app – the Gurugram/Gurgaon based mobile wallet app – which has become one of the must-have commerce apps in Pan-India.
Our initial service focuses on providing the most efficient solution for managing mobile balances in India,
but the ultimate goal of Balancehero is to make a world
where people can freely communicate at fair costs
from country to country, city to city and family to family.
The Balancehero’s management team has a unique structure – the CEO who has almost 20 years of entrepreneurial experience in India, the CCO who founded and runs an award winning design consulting company, the CTO who once played a vital role in a international company, and so on. This unique set of industry gurus are working together in managing a company that will soon become an unparalleled mobile wallet app.
True Balance is a mobile app that lets its users check their mobile call & data balances. It started off and further developed from the realization of the inconvenience of prepaid mobile users who were having to check their balances countless times a day. The competitive advantages of True Balance app is as follows:
1.Being able to check the mobile balance without internet connection
2.Superior UI and UX designs compared to other similar apps
3.Quick recharge feature – one tap recharge
Date of establishment
Customer care No.
India : Balancehero India Pvt. Ltd., 5th Floor, The Circle.Work, Huda City Center, Sector 29, Gurugram, Haryana – 122001
Seoul : 6F, Wework Seolleung II, 427, Tehran-ro, Gangnam-gu, Korea, 06159
MoU signed with ShopClues for E-commerce expansion
Launch of Cash Loan (under True Credits)
BalanceHero India office relocated to The Circle
True Balance crosses 40,000 loan disbursement a day
Cash Note feature introduced on our app
Launched Digi Gold
Launched Personal loan
Launched Instant cash loan
Group company True Credits Private Limited received NBFC license
Balancehero raised Series C investment from NH Investment & Securities, IMM Investment, HB Investment, IBK Capital, D3 Jubilee Partners, SB Partners & Shinhan Capital
PPI license renewal
Launched Recharge Loan
Launched True PayLater
Balancehero attracted series B2 investment from ICICI.
60+ million download
Launched KYC compliance
Launched gift card
Launched utility payment services like electricity, gas and DTH bill
True Balance reached 50 million downloads
True balance has got a PPI licence from the Reserve Bank of India (RBI)
Balancehero attracted an investment of $4.6 million – Series B
True Balance reached 40 million downloads
Balancehero attracted a Series-B investment from Soft Bank Venture Asia, IMM Investment, Mega etc.
True Balance reached 30 million downloads
True Balance reached 10 million downloads
Balancehero attracted a Series-A investment from Soft Bank Venture Asia
True Balance was launched nationwide
True Balance was ranked 6th place amongst all free apps in Google Play
True Balance was launched in 4 additional regions
True Balance updated with wallet features
Balancehero attracted the 1st investment from BonAngels etc.
The official version of True Balance was released in Google Play, India
The alpha-version of True Balance was releaesd in Google Play, India
Balancehero was established