Truva, a platform dedicated to resale homes, has successfully raised $9 million in a  funding round spearheaded by its existing investors, Stellaris Venture Partners and  Orios Venture Partners. This funding comprises $7.3 million (approximately ₹61 crore) in  equity and $1.7 million in venture debt from Stride Ventures, reflecting a growing  confidence among investors in technology-driven solutions for India’s resale housing  sector. 

The funding round also attracted notable angel investors, including Mukesh Bansal, Co founder of Myntra and CureFit; Aakrit Vaish and Miten Sampat, Co-founders of  PayCheque; Ramakant Sharma, Co-founder of LivSpace; Natasha Malpani Oswal,  Founder of Boundless Ventures; and Ram Raheja, Managing Director at S Raheja Realty. 

Funding to Propel Expansion and Technological Advancements 

Truva intends to utilise the newly acquired funds to address several strategic priorities.  A significant focus will be on expanding its presence in Mumbai while also venturing into  new metropolitan areas such as Delhi NCR and Bengaluru. Additionally, the company  plans to enhance its proprietary real estate valuation and liquidity intelligence engine,  TruIQ, which aids in determining precise pricing and accelerates transaction processes. 

Moreover, a portion of the funding will be allocated to inventory-linked working capital,  allowing Truva to efficiently scale its exclusive mandate model as it broadens its listing  base across various micro-markets.

Creating a Comprehensive Resale Homes Experience 

Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva aims to  streamline resale home transactions in a market that has historically been fragmented  and lacking in trust. The startup employs a full-stack model, securing exclusive  mandates from sellers and investing upfront in legal and physical verification, property  staging, renovation, and data-driven valuation. 

By overseeing the entire transaction process—from property discovery and negotiation  to documentation and registration—Truva aims to minimise friction, enhance  transparency, and provide a more dependable experience for both buyers and sellers. 

Robust Growth Across Micro-Markets 

According to the company, Truva has experienced a remarkable six-fold increase in  year-on-year growth and is aiming for a gross merchandise value (GMV) exceeding  ₹1,500 crore in the coming year. This growth is anticipated to stem from its expansion  into over 20 micro-markets and a rising consumer willingness to invest in managed  resale services. 

Co-founder Monil Singhal commented on the opportunity, stating that while Indian  consumers have quickly embraced convenience-driven services like quick commerce,  significant transactions such as home purchases still rely on outdated methods. She  emphasised that prop-tech is garnering renewed investor interest due to market  expansion, increasing digitisation, and the premiumisation of urban housing. 

Investor Confidence in India’s Resale Market Potential 

Ritesh Banglani, Partner at Stellaris Venture Partners, noted that Truva has showcased  impressive execution since its seed stage, particularly in the complex and operationally  demanding category of resale housing. He remarked that the company’s brand focused, technology-driven approach and deep understanding of micro-markets  position it well to establish itself as one of India’s most trusted platforms for resale  homes. 

Previously, Truva raised $3 million in a seed funding round led by Stellaris Venture  Partners in August 2024. With this latest infusion of capital, the startup is poised to  expand across cities and seize opportunities in the rapidly evolving secondary housing  market in India.