Mumbai Proptech Startup Truva Secures $3Mn in Seed Funding to Revolutionize Real Estate
Truva, a Mumbai-based proptech startup, has raised $3 million in seed funding to scale up its product stack and expand operations.
ProptechStartupFundingReal EstateMumbaiReal Estate MumbaiAug 13, 2024
The fresh funding will be utilized to scale up Truva's product stack, boost its workforce, and ramp up operations. Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva offers detailed property listings with insights and provides support to buyers, including financing, paperwork, and registration assistance.
Truva aims to address the real estate challenges with a buyer-centric approach, empowering them with deep insights needed to make informed decisions. Currently serving in Mumbai's Powai and Bandra, the company plans to expand to additional areas in the city within the next year.
With this funding, Truva is poised to revolutionize the real estate industry by providing a seamless and transparent experience for homebuyers.
Information
Stellaris Venture Capital is a leading venture capital firm that invests in early-stage startups in India. Peercheque is a platform that enables peer-to-peer lending and investments.
Truva is a Mumbai-based proptech startup that offers detailed property listings with insights and provides support to buyers, including financing, paperwork, and registration assistance.
Frequently Asked Questions
What is Truva?
Truva is a Mumbai-based proptech startup that offers detailed property listings with insights and provides support to buyers.
How much funding did Truva raise?
Truva raised $3 million (approximately INR 24.9 crore) in a seed funding round.
Who led the funding round?
Stellaris Venture Capital led the funding round, with participation from Peercheque and several angel investors.
What will Truva use the funding for?
Truva will use the funding to scale up its product stack, boost its workforce, and ramp up operations.
What areas does Truva currently serve?
Truva currently serves in Mumbai's Powai and Bandra.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora