Indian resale homes platform Truva has secured $9 million in fresh capital in a funding round led by existing backers Stellaris Venture Partners and Orios Venture Partners. The raise underscores growing investor confidence in technology-led solutions addressing inefficiencies in India’s fragmented secondary real estate market. The new capital is expected to accelerate Truva’s expansion and deepen its data-driven capabilities as it scales across major urban centres.
Funding Structure and Participants
Of the total capital raised, $7.3 million was secured as equity while the remaining $1.7 million came in the form of venture debt from Stride Ventures. In addition to institutional investors, the round attracted a group of prominent angel investors with deep experience across consumer, fintech, and real estate sectors. These included Mukesh Bansal of Myntra and CureFit, Aakrit Vaish and Miten Sampat of PayCheque, LivSpace co-founder Ramakant Sharma, Boundless Ventures founder Natasha Malpani Oswal, and S Raheja Realty’s managing director Ram Raheja.
Investor Confidence and Rationale
Stellaris Venture Partners, which first backed Truva at the seed stage, highlighted the company’s strong execution and early customer traction in a complex category. The investor pointed to Truva’s full-stack and brand-led model, combined with granular micro-market execution and technology leverage, as key differentiators. With resale housing representing a large and underpenetrated opportunity in India, investors believe Truva is well positioned to build a trusted national brand as it expands city by city.
Use of Capital and Product Focus
Truva plans to deploy the newly raised funds across multiple strategic priorities aimed at strengthening both scale and efficiency. A significant portion will be invested in enhancing TruIQ, its proprietary real estate valuation and liquidity intelligence engine that underpins pricing accuracy and transaction speed. The company will also allocate capital toward inventory-linked working capital to support its end-to-end operating model.
Geographic Expansion Strategy
The startup intends to deepen its presence in Mumbai while expanding into new metropolitan markets such as Delhi NCR and Bengaluru. This expansion strategy is built around identifying high-potential micro-markets where demand for transparent, managed resale transactions is strong. By combining local market knowledge with centralized technology, Truva aims to replicate its operating playbook across cities without compromising service quality.
Business Model and Market Approach
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva focuses on simplifying home buying and selling in the resale segment. The company works on exclusive seller mandates and invests upfront in legal and physical verification, property staging, selective renovations, and data-backed valuation. It manages the entire transaction lifecycle, from discovery and negotiation through to final registration, positioning itself as a trusted intermediary rather than a pure listings platform.
Growth Metrics and Market Context
According to the company, Truva has achieved sixfold year-on-year growth and is targeting gross merchandise value of more than Rs 1,500 crore within the next 12 months. This growth is expected to be driven by expansion into over 20 micro-markets as well as increasing consumer willingness to pay for convenience and certainty in high-value transactions. Management notes that rising digitisation and premiumisation are making proptech an increasingly attractive sector for both users and investors.
The latest funding round builds on Truva’s earlier $3 million seed raise in August 2024 and marks a significant step in its scale-up journey. With fresh capital, strong investor backing, and a clear focus on technology-led execution, the company is positioning itself to address longstanding pain points in India’s resale housing market. As competition intensifies in proptech, Truva’s ability to combine trust, data, and operational control will be central to its ambition of becoming a leading resale homes platform nationwide.