Truva Secures $9M to Reinvent Real Estate Across Indian Metros

Truva, a Mumbai-based proptech platform, raised $9 million in a funding round led by Stellaris and Orios Venture Partners. The funds will help expand its presence in Mumbai and into Delhi-NCR and Bengaluru. Truva, founded in 2023, offers a full-stack platform for resale home transactions.

Mumbai's burgeoning proptech landscape witnessed a major development as the platform Truva announced a $9 million boost in funding. The round was spearheaded by Stellaris Venture Partners and Orios Venture Partners, marking a significant leap in Truva's growth trajectory.

These latest funds are aimed at strengthening Truva's operations in Mumbai while enabling its expansion into other major metro areas such as Delhi-NCR and Bengaluru. The allocation comprises $7.3 million in equity, supplemented by a $1.7 million venture debt investment courtesy of Stride Ventures.

Truva, established in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, is positioned as a full-service facilitator in the resale home market. It has already conducted over Rs 500 crore in property sales. With these new investments, the company's sights are firmly set on achieving a GMV target surpassing Rs 1,500 crore within the next year.

(With inputs from agencies.)