Proptech Startup Truva Raises $3 Mn From Stellaris Venture Partners, Others
The funding will be invested in building the team, enhancing its product, raising debt for working capital, and scaling operations
Truva, a real-estate tech startup, today, raises USD 3 million in seed funding led by Stellaris Venture Partners. The round also saw participation from Peercheque (Aakrit Vaish and Miten Sampat) and notable angel investors, including Mukesh Bansal, Ramakant Sharma, Ram Raheja, Ankit Nagori, Lalit Keshre, Natasha Malpani Oswal, Akhil Aryan, Sanjay Mandava, and Indian Silicon Valley (Jivraj Singh).
The residential real estate market in India’s top seven cities is valued over USD 100 billion and is projected to triple by 2030, with 40 per cent of this growth coming from the resale market. Despite the market’s potential, homebuyers face significant challenges marked by fake listings, poor home viewing experiences, and a lack of transparency, often leading to frustration and prolonged buying cycles.
Truva aims to address these challenges with a buyer-centric approach, empowering them with deep insights needed to make informed decisions.
Puneet Arora, Co-founder, Truva, said, “At Truva, we are committed to making home buying more efficient, transparent, and truly centred around the buyer. With our approach of prioritising buyer experiences, we aim to reduce the overall complexities involved in real estate transactions, thus accelerating the home-buying process. Since the launch early this year, we’ve facilitated transactions worth over 30 Crore in Powai, Mumbai alone. Our average time to sell a property is 19 days, compared to the market average of 9 months.”
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 unparalleled home-buying experience. Truva is uniquely positioned to capture a substantial market and set new standards for trust and transparency in the real estate market.”
Truva plans to leverage the funding to expand its team, enhance the product, raise debt for working capital, and scale operations. In the coming year, Truva plans to expand to new markets in Mumbai and other cities.
