Proptech Startup Truva Nets $9 Mn To Expand Beyond Mumbai

While INR 61 Cr was raised via equity fundraise from Stellaris, Orios and other angel investors, the remaining INR 17 Cr was raised through debt from Stride Ventures

The freshly raised funds will be deployed to fuel the startup’s expansion plans, and double down on its tech stack and product

Founded in 2023, Truva lists real estate properties and provides end-to-end support, including financing, paperwork, and registration assistance

Proptech platform Truva has raised INR 78 Cr ($8.6 Mn) as part of its latest funding round in a mix of debt and equity.

Of this, INR 61 Cr was raised via equity fundraise, which saw participation from Stellaris Venture Partners, Orios Venture Partners, and other angel investors such as LivSpace cofounder Ramakant Sharma, Myntra cofounder Mukesh Bansal, PeerCheque cofounders Aakrit Vaish and Miten Sampat, Boundless Ventures founder Natasha Malpani Oswal and Ram Raheja.

The remaining INR 17 Cr was raised through debt from Stride Ventures during the second tranche.

Speaking with Inc42, Truva cofounder Monil Singhal said that the freshly raised funds would be deployed to fuel the startup’s expansion plans, and double down on its tech stack and product.

“On the expansion front, we’re active in seven micro-markets in Mumbai so far. We want to expand further within the city and launch in another two metro cities – Delhi and Bengaluru, starting from the second half of this year,” added Singhal.

On the tech front, she said that the startup plans to focus on operational efficiencies and building an “intelligence” stack to further scale and improve customer experience.

Founded in 2023 by Singhal, Puneet Arora and Ankit Gupta, Truva operates a proptech platform that offers detailed property listings with buyer insights. It also provides end-to-end support, including financing, paperwork, and registration assistance.

Singhal claimed that the startup has so far helped 211 customers buy and sell properties. “We’re now starting to work more deeply on loan financing, betting on a growing set of customers”. It competes with the likes of names such as Square Yards and NoBroker.

The latest fundraise comes two years after the Mumbai-based proptech startup raised $3 Mn (around INR 24.9 Cr) in a seed funding round led by Stellaris Venture Partners in August 2024.

Truva operates in the broader Indian real estate market, which continues to be plagued by issues such as regulatory fragmentation, a long list of paperwork, lack of transparency, financing friction and the near total monopoly of brokers and middlemen.

Proptech players are solving these problems by leveraging technology to ensure a higher degree of transparency and minimal timeline. At the heart of all this is the homegrown proptech ecosystem, which is projected to become a $3.8 Bn opportunity by 2030.