Funding Led by Stellaris and Orios to Support Multi-City Growth Strategy
Mumbai-based proptech platform Truva has secured USD 9 million, equivalent to about Rs 78 crore, in a fresh funding round led by Stellaris Venture Partners and Orios Venture Partners.The company said the newly raised capital will be deployed to strengthen its presence in Mumbai while supporting expansion into new metropolitan markets such as Delhi-NCR and Bengaluru.
Mix of Equity and Venture Debt
The funding round includes USD 7.3 million, or around Rs 61 crore, raised through equity, along with USD 1.7 million, or approximately Rs 17 crore, in venture debt from Stride Ventures.In addition to institutional investors, the round also saw participation from prominent angel investors, including Mukesh Bansal, Ramakant Sharma, and Ram Raheja.
Focus on Resale Home Transactions
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva operates in the resale residential real estate segment. The platform positions itself as a full-stack solution, managing the complete transaction lifecycle that includes home staging, sale, and property registration.Since its launch, Truva said it has facilitated resale home transactions worth over Rs 500 crore across seven micro-markets in Mumbai.
Aggressive GMV Growth Plans
Looking ahead, the company plans to scale operations to more than 20 micro-markets and aims to cross Rs 1,500 crore in Gross Merchandise Value over the next 12 months, supported by geographic expansion and increased market penetration.The latest fundraise marks a key milestone in Truva’s efforts to build a technology-led platform for India’s growing resale housing market.
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