Truva Raises $3 Million in Stellaris Venture Partners-Led Funding Round

Truva, a cutting-edge real estate technology platform, has successfully raised $3 million in a funding round led by Stellaris Venture Partners. The round also saw participation from notable angel investors, including Myntra founder Mukesh Bansal, Curefoods founder Ankit Nagori, and Groww founder Lalit Keshre. This funding round underscores the growing investor confidence in the platform’s potential to transform the real estate market.

Leveraging Technology to Simplify Real Estate Transactions

Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva aims to simplify the complex process of buying property by offering a comprehensive suite of services. The platform provides detailed property listings with insights like natural light scores, noise ratings, and 3D virtual tours. Additionally, Truva assists buyers with financing, paperwork, and registration, making the home-buying process more efficient and user-friendly.

“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 Puneet Arora, co-founder of Truva.

Rapid Growth and Future Expansion

Since its launch, Truva has facilitated transactions worth over Rs 30 crore in Powai, Mumbai, with an average property sale time of just 19 days—significantly faster than the market average of nine months. Currently operating in Powai and Bandra, the startup plans to extend its services to other areas in Mumbai over the next year.

The newly secured funds will be used for team expansion, product enhancement, raising debt for working capital, and scaling operations.

Investor Confidence in Truva’s Vision

Ritesh Banglani, partner at Stellaris Venture Partners, expressed confidence in Truva’s ability to tap into the growing housing demand in urban India. “With rising disposable incomes and rapid urbanization, housing demand will continue to expand. To realize 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.”

The Growing Prop-Tech Landscape

Truva’s successful funding round is part of a broader trend in the prop-tech sector, which has seen significant investments in recent months. Startups like Jugyah, Landeed, and Aeria have also raised substantial funds, signaling a robust interest in technological innovations within the real estate industry.

As Truva continues to grow and expand, it is poised to play a pivotal role in redefining the home-buying experience in India’s bustling urban markets.