Truva raises $9M in fresh capital from Stellaris, Orios Ventures
Truva will use a portion of the funds to strengthen its real estate valuation and liquidity intelligence engine, TruIQ, and also to support inventory-linked working capital.
Resale homes platform Truva on Thursday raised $9 million in fresh capital led by existing investor Stellaris Venture Partners and Orios Venture Partners.
Of the total funding, $7.3 million (about Rs 61 crore) was raised as equity and $1.7 million was raised in the form of venture debt from Stride Ventures.
The round also saw participation from key 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 Ram Raheja, MD at S Raheja Realty.
“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,” said Ritesh Banglani, Partner at Stellaris Venture Partners.
Truva will use the newly raised capital to expand its footprint across Mumbai and into new metros like Delhi NCR and Bengaluru. It will use a portion of the funds to strengthen its real estate valuation and liquidity intelligence engine, TruIQ, and also to support inventory-linked working capital.
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva aims to create a seamless home-buying and selling experience in a fragmented resale market. It takes exclusive mandates from sellers, invests in legal and physical verification, staging, renovation, and data-backed valuation, and manages transactions end-to-end, from discovery to registration.
According to the company, it has gone 6X year-on-year and plans to cross Rs 1,500 crore in gross merchandise value (GMV) in the next 12 months by expanding to more than 20 micro-markets.
“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,” Singhal told YourStory.
She noted that while prop-tech is still a growing sector, it has seen rising interest from investors in recent times, primarily due to three reasons: market growth, digitisation, and premiumisation.
Truva previously raised $3 million in a seed funding round led by Stellaris Venture Partners in August 2024.
Edited by Suman Singh