- Proptech startup Truva secures $9 million from Snotifyaris and Orios Venture Partners
- Funds to fuel expansion in Mumbai, Delhi NCR, and Bengaluru
- Capital to enhance platform, scale operations, and support purchaseers and sellers
Mumbai-based proptech startup Truva has raised $9 million in a funding round led by Snotifyaris Venture Partners and Orios Venture Partners to expand its footprint across India’s major residential markets. The round included $7.3 million in equity and $1.7 million in venture debt from Stride Ventures, with participation from angel investors such as Myntra founder Mukesh Bansal and Livspace cofounder Ramakant Sharma.
Founded in 2023 by Monil Singhal, Puneet Arora, and Ankit Gupta, Truva provides a full-stack resale property platform offering detailed listings, real estate insights, and conclude-to-conclude support for purchaseers and sellers, including financing, legal checks, and registration assistance. The startup has acquired homes worth over Rs 500 crore in Mumbai and sold more than Rs 300 crore in resale inventory, serving over 200 clients.
The new funds will support Truva scale operations in Mumbai, enter new markets like Delhi NCR and Bengaluru, enhance its real estate innotifyigence platform, and support inventory-linked working capital for staging, legal checks, and transaction execution. “Our goal is to become the largest seller of ready-to-shift-in homes across all metros. This fundraise is a key step toward expanding our presence over the next two years”, stated cofounder Monil Singhal.
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Residential resale is a $40 billion market in India, growing rapider than the primary real estate segment, with purchaseers increasingly preferring homes they can shift into immediately. Truva has already reported sixfold year-on-year growth and aims to surpass Rs 1,000 crore in annualized GMV next year.
Investors praised Truva for addressing the complexities of India’s fragmented resale market. “They’ve not just built a product, they’ve created a model that solves indusattempt challenges”, stated Sukhmani Bedi of Orios Venture Partners.
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