Proptech Startup Truva Secures $9 Million to Boost Real Estate Valuation and Market Expansion
Proptech startup Truva has secured $9 million in fresh funding in a round led by existing investors Stellaris Venture Partners and Orios Venture Partners. The company raised $7.3 million (approximately ₹61 crore) as equity, with an additional $1.7 million in venture debt provided by Stride Ventures.
Moreover, the round attracted participation from prominent angel investors, including Myntra and CureFit co-founder Mukesh Bansal, PayCheque co-founders Aakrit Vaish and Miten Sampat, LivSpace co-founder Ramakant Sharma, Boundless Ventures founder Natasha Malpani Oswal, and S Raheja Realty Managing Director Ram Raheja.
Commenting on the investment, Ritesh Banglani, Partner at Stellaris Venture Partners, said, “We’re excited to deepen our partnership with the Truva team. Since backing them at the seed stage, they’ve demonstrated exceptional execution and built strong customer love in a complex and fragmented category. Their full-stack, brand-led approach, combined with strong micro-market execution and technology leverage, sets them apart. Resale is a massive opportunity in India, and we believe Truva can build the country’s most trusted resale homes brand as they scale across cities.”
Going forward, Truva will deploy the newly raised capital to expand its presence across Mumbai and enter new metropolitan markets such as Delhi NCR and Bengaluru. Additionally, the company will allocate part of the funding to strengthen its real estate valuation and liquidity intelligence engine, TruIQ, while also supporting inventory-linked working capital requirements.
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva focuses on delivering a seamless home buying and selling experience within India’s highly fragmented resale housing market. To achieve this, the platform takes exclusive mandates from sellers, invests in legal and physical due diligence, oversees staging and renovation, applies data-backed valuation, and manages the entire transaction lifecycle from property discovery through registration.
Meanwhile, the company stated that it has achieved sixfold year-on-year growth and now plans to cross ₹1,500 crore in gross merchandise value over the next 12 months by expanding into more than 20 micro-markets.
Reflecting on consumer behavior, Singhal said, “Consumers today use quick commerce for everything. They are willing to pay for services, but when it comes to buying houses, which would be one of the most expensive transactions of their life, they are expected to transact as they did 30 years ago.” She further noted that while proptech remains an emerging sector, it has recently witnessed increased investor interest driven primarily by market expansion, accelerating digitisation, and growing premiumisation trends. Previously, Truva raised $3 million in a seed funding round led by Stellaris Venture Partners in August 2024.
