Truva, a real estate technology platform, secured $3 million in a funding round led by Stellaris Venture Partners, an early-stage venture capital firm. The round also included contributions from notable angel investors such as Mukesh Bansal, founder of Myntra, Ankit Nagori, founder of Curefoods, and Lalit Keshre, founder of Groww, among others.
The newly acquired funds will be directed towards expanding the team, enhancing the product, raising debt for working capital, and scaling operations.
Truva, founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, is a Mumbai-based startup that offers detailed property listings with comprehensive insights and support for buyers. This support includes assistance with financing, paperwork, and registration. The platform also features unique offerings such as natural light scores, noise ratings, 3D tours, and high-quality photos and videos.
Arora emphasized the company’s focus on improving buyer experiences to simplify the complexities of real estate transactions, thereby speeding up the home-buying process. Since its launch earlier this year, the platform has facilitated transactions worth over Rs 30 crore in Powai, Mumbai, with an average property sale time of 19 days, significantly faster than the market average of nine months.
Currently operating in Powai and Bandra, Truva plans to expand its presence to other areas in Mumbai over the next year.
Ritesh Banglani, a partner at Stellaris Venture Partners, highlighted the increasing housing demand driven by rising disposable incomes and rapid urbanization. He expressed confidence in Truva’s commitment to understanding customer needs and creating a product that offers an exceptional home-buying experience.
