Truva, a real estate technology platform, has secured $3 million in its latest funding round, led by Stellaris Venture Partners, an early-stage venture capital firm.
Angel investors such as Mukesh Bansal, founder of Myntra; Ankit Nagori, founder of Curefoods; and Lalit Keshre, founder of Groww, participated in this round.
The company will use the funds to expand its team, enhance its product, raise debt for working capital, and scale its operations.
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, the Mumbai-based startup offers detailed property listings with comprehensive insights and support. This includes help with financing, paperwork, and registration. Additionally, Truva provides features like natural light scores, noise ratings, 3D tours, and high-quality photos and videos.
“With our approach of prioritizing buyer experiences, we aim to reduce the overall complexities involved in real estate transactions, thus accelerating the home-buying process,” said Arora.
Arora added that since launching earlier this year, the platform has enabled transactions exceeding Rs 30 crore in Powai, Mumbai. Remarkably, the average time to sell a property is 19 days, much quicker than the market average of nine months.
Currently, Truva operates in Powai and Bandra in Mumbai. The company plans to extend its services to other Mumbai areas next year.
Commenting on the investment, Ritesh Banglani, partner, Stellaris Venture Partners, said, “With rising disposable incomes and rapid urbanisation, housing demand will continue to expand. To realise the potential of this growing market, we believe that there is a need for significant improvements in the buying experience. In Truva, we found a team deeply committed to understanding customer insights and building a product that offers an unparalleled home-buying experience.”
In recent months, several prop-tech companies have also secured funding.
On July 11, the prop-tech startup Jugyah secured $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties.
On June 18, Landeed, a platform specializing in property title searches, completed a strategic financing round led by Paradigm Shift VC.
In March, Aeria, a platform focused on tenant experience and asset management for commercial real estate, raised $1.8 million in pre-seed funding. This round was led by Kalaari Capital and Foundamental, along with AC Ventures and AL Trust, among others.
