Truva Pockets $3 Mn From Stellaris, Others To Expand Proptech Play

Mumbai based proptech startup Truva raised $3 Mn (around INR 24.9 Cr) in a seed funding round led by Stellaris Venture Capital, along with participation from Peercheque and a host of angel investors.

Truva plans use the fresh funding to scale up product stack and boost workforce, as well as to ramp up operations.

Founded in 2023 by Puneet Arora, Monil Singhal and Ankit Gupta, Truva offers detailed property listings with insights and provides support to buyers, including financing, paperwork and registration assistance. 

“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,” said Arora.

Truva aims to address the real estate challenges with a buyer-centric approach, empowering them with deep insights needed to make informed decisions. Currently serving in Mumbai’s Powai and Bandra, the company plans to expand to additional areas in the city within the next year.

Other similar startups working on transforming land and property records in India are tapping the likes of proptech platforms, including NoBroker, PropTiger, NVG Group,PG on Palm, Edu Prop listing and Kashyap.

India’s proptech sector has been seeing a lot of traction from investors for quite sometime now.

For instance, in July, Private equity firm HDFC Capital picked up 8.5% stake in Mumbai-based proptech startup TruBoard for an undisclosed amount.

In the same month Mumbai-based proptech startup Jugyah raised $1.5 Mn (INR 12.5 Cr) in a seed funding round co-led by White Venture Capital, QED Investors and Godrej Properties 

Meanwhile in June, Proptech startup Landeed raised an undisclosed amount as a part of its ongoing seed funding round from Paradigm Shift VC.