Proptech startup Truva has raised $9 million, or about Rs 78 crore, in a funding round co-led by early-stage venture capital firms Stellaris Venture Partners and Orios Venture Partners. The round blends equity and debt financing and marks an important milestone as the company looks to expand its geographic footprint and strengthen its technology-led real estate platform.
Of the total amount raised, $7.3 million came from equity investment, while $1.7 million was secured as venture debt from Stride Ventures. The funding round also saw participation from angel investors including Myntra founder Mukesh Bansal, Ramakant Sharma, Aakrit Vaish, and Miten Sampat.
Funding to Support Expansion Across Key Urban Markets
Truva plans to use the fresh capital to deepen its presence in Mumbai and enter new high-potential markets such as Delhi NCR and Bengaluru. The company said the funds will also be directed towards strengthening its real estate intelligence platform and supporting inventory-linked working capital requirements.
This working capital will help scale essential operational activities such as property staging, legal due diligence, and end-to-end transaction execution. These processes are core to Truva’s business model, which aims to bring greater structure, transparency, and efficiency to the residential resale market.
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Building a Smarter Home Buying Experience
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva focuses on offering detailed and insight-driven property listings combined with comprehensive buyer support. The platform is designed to help homebuyers navigate the complexities of property transactions with greater confidence.
In addition to standard listing details, Truva provides features such as natural light scores, noise ratings, 3D property tours, and high-quality photos and videos. The company also assists buyers with financing options, documentation, and property registration, positioning itself as a full-stack solution for resale home purchases.
By combining technology-enabled insights with hands-on support, Truva aims to address long-standing pain points in residential real estate, where information gaps and fragmented processes often slow down transactions.
Early Momentum in Mumbai’s Resale Market
Truva currently operates across seven micro markets in Mumbai. The company said it has acquired homes valued at over Rs 500 crore and has sold more than Rs 300 crore worth of resale inventory. These transactions have involved over 200 buyers and sellers, reflecting early adoption of its platform in a competitive market.
The startup reported six-fold year-on-year growth and is targeting annualised gross merchandise value of more than Rs 1,000 crore over the next year. This growth outlook underscores Truva’s ambition to scale rapidly while expanding into new urban markets.
Financial Snapshot Highlights Early-Stage Focus
For the financial year ended March 2024, Truva reported operating revenue of Rs 10.88 lakh and a loss of Rs 10.30 lakh. The close alignment between revenue and losses reflects the company’s early-stage operations, where investments are primarily directed toward product development, market expansion, and operational setup.
The company has not yet filed its financial statements for FY25.
Positioning for the Next Phase of Growth
With the latest infusion of capital, Truva is preparing to move into its next phase of growth by strengthening its platform capabilities and expanding its reach beyond Mumbai. The mix of equity backing from early-stage venture funds, venture debt, and support from experienced angel investors provides the company with both capital and strategic depth.
As Truva enters new markets and scales its inventory and operations, its execution across cities like Delhi NCR and Bengaluru will be central to its plans. The company’s focus on combining data-driven insights with operational support places it among a growing group of proptech startups seeking to modernise India’s residential real estate landscape.
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