Mumbai-based proptech startup Truva has raised $9 million (about ₹78 crore) in a funding round led by Stellaris Venture Partners and Orios Venture Partners, with participation from prominent angel investors and venture debt providers. The capital will support Truva’s expansion and technology investments as it seeks to formalise India’s sprawling resale housing market.
Funding mix and investor confidence
Sources indicate the $9 million round combines equity and venture debt, with the majority raised through equity and the balance structured as debt. The participation of seasoned venture firms and angel backers reflects growing investor confidence in technology-led solutions for India’s secondary real estate segment, long dominated by fragmented, broker-driven transactions.
Full-stack resale platform
Founded in 2023, Truva positions itself as a full-stack resale homes platform that manages end-to-end transactions for ready-to-move-in properties. Unlike generic listing portals or local brokers, the company offers a structured, data-driven experience covering pricing, legal due diligence, documentation, home staging, buyer discovery and transaction closure.
Truva also provides financing assistance and curated market insights. A proprietary technology layer underpins its service suite, using market data to estimate realistic property values and liquidity—helping sellers price accurately and buyers evaluate deals with greater certainty.
Planned use of proceeds
The fresh capital will be used to deepen Truva’s presence in Mumbai and expand into other major urban markets such as Delhi NCR and Bengaluru, where organised resale demand is rising. Investment will focus on strengthening the technology platform, improving valuation accuracy, building intelligence tools to accelerate deal closures, and funding inventory-linked working capital to support legal checks, home preparation and transaction execution at scale.
Growth and market traction
Despite its recent founding, Truva has reported multi-fold year-on-year growth and has facilitated resale transactions worth several hundred crore rupees in Mumbai. The startup’s traction underscores a growing preference among urban buyers for organised, tech-enabled resale platforms as alternatives to unorganised brokerage networks—particularly for higher-value housing.
Why resale proptech appeals to investors
India’s resale housing market accounts for a substantial share of residential transactions but remains underserved by structured digital offerings. Investors view platforms that combine technology with on-ground execution as well placed to improve efficiency, transparency and trust in resale deals. As buyers increasingly seek clarity on pricing, legal status and timelines, data-backed solutions are expected to play an expanding role in reshaping the sector.
Outlook
With fresh funding, Truva aims to consolidate its market position and scale across multiple micro-markets over the coming year while building a sustainable business model focused on reliability and customer experience. The round highlights the broader momentum behind proptech startups that move beyond listings to address real transaction frictions in India’s resale market.
