Mumbai-based proptech startup Truva has raised $9 million (around ₹78 crore) in a fresh funding round co-led by Stellaris Venture Partners and Orios Venture Partners, as it looks to expand beyond its home turf.
Of the total capital raised, $7.3 million came through equity, while $1.7 million was raised as venture debt from Stride Ventures.
The round also drew backing from a strong group of angel investors, including Myntra founder Mukesh Bansal, Livspace co-founder Ramakant Sharma, Aakrit Vaish, and Miten Sampat.
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva is building what it calls a full-stack residential resale platform. Instead of just listing properties, the startup manages the entire journey, property discovery, due diligence, staging, renovation, financing support, paperwork, and final registration.
Truva says it will use the funds to deepen its presence in Mumbai and enter new markets like Delhi-NCR and Bengaluru. A big chunk will also go into strengthening its real estate intelligence platform and supporting inventory-linked working capital, covering everything from home staging and legal checks to smoother transaction execution.
One of Truva’s key differentiators is its in-house valuation engine, TruIQ, which uses over 1,000 data points, including historical transactions, floor plans, noise levels, and natural light, to offer unit-level pricing and liquidity insights. Buyers also get access to features like 3D tours, high-quality photos and videos, natural light scores, and noise ratings, along with a one-year quality assurance on homes purchased through the platform.
The traction so far has been encouraging. Truva currently operates across seven micro-markets in Mumbai, has acquired homes worth over ₹500 crore, and has already sold more than ₹300 crore worth of resale inventory to over 200 buyers and sellers. The company reports six-fold year-on-year growth and is aiming to cross ₹1,000 crore in annualised GMV over the next year.
For the year ended March 2024, Truva reported ₹10.88 lakh in operating revenue and a loss of ₹10.30 lakh, reflecting its pre-scale phase. Its FY25 numbers are yet to be filed.
