Of the total capital, $7.3 million came from equity sales, while $1.7 million was raised as venture debt from Stride Ventures.
The round also saw participation from angel investors including Myntra founder Mukesh Bansal, Livspace cofounder Ramakant Sharma, and PeerCheque cofounders Aakrit Vaish and Miten Sampat.
The company plans to deploy the capital to expand its presence in Mumbai and enter new markets such as Delhi NCR and Bengaluru, enhance its real estate intelligence platform, and support inventory-linked working capital to scale staging, legal checks, and transaction execution.
“Without building these homes, our idea is to become the largest seller. To achieve that, we need to be present across all metros. This fundraise is aimed at expanding our footprint in Mumbai and launching in other metros over the next two years,” cofounder Monil Singhal told ET.
Founded in 2023 by Singhal, Puneet Arora, and Ankit Gupta, the Mumbai-based startup provides detailed property listings with extensive insights and support for buyers, including help with financing, paperwork, and registration.
Singhal said around 80% of buyers prefer ready-to-move-in homes, but outside of builders, there is a lack of professional, full-stack platforms catering to this segment.
“Residential real estate resale is a $40 billion market. In most metros, it accounts for 40-45% of overall transactions and is growing significantly faster than the primary market. This is largely because buyers increasingly prefer homes they can see, assess, and move into, rather than properties under construction,” she added.
Truva operates across seven micro-markets in Mumbai, having acquired homes worth over Rs 500 crore and sold more than Rs 300 crore worth of resale inventory to over 200 buyers and sellers. According to Singhal, the firm reported a sixfold year-on-year growth and aims to surpass Rs 1,000 crore in annualised GMV over the next year.
The startup has raised a total of $12 million since inception.
Commenting on the investment, Ritesh Banglani of Stellaris Venture Partners said, “Since backing them at the seed stage, they’ve demonstrated good execution in a complex and fragmented category’’.
“They haven’t just built a product, they’ve evolved a model that solves the complexities of this industry,” said Sukhmani Bedi, partner at Orios Venture Partners.
