Proptech Startup Truva Raises $6.3 Million in Series A; Valuation Hits $31 Million
MUMBAI, December 31, 2024 — Truva, a Mumbai-based proptech startup focused on revolutionizing the home-buying experience, has successfully raised $6.32 million (approximately ₹56.7 crore) in its latest funding round. This fresh capital infusion values the company at an estimated $31.6 million (₹284 crore) on a post-money basis.
The Investment Details
The funding round was led by existing backer Stellaris Venture Partners, which contributed ₹30.5 crore. Orios Venture Partners also participated significantly, infusing ₹26.22 crore into the startup. According to regulatory filings with the Registrar of Companies (RoC), Truva’s board issued 54,628 Series A Compulsorily Convertible Preference Shares (CCPS) at a price of ₹10,383 per share.
Following this allotment:
Stellaris Venture Partners holds a 24.53% stake.
Orios Venture Partners holds a 9.24% stake.
The three co-founders—Puneet Arora, Monil Singhal, and Ankit Gupta—collectively retain 54.87% of the company.
Disrupting the Real Estate Market
Founded in 2023, Truva has quickly made a name for itself by addressing the "trust gap" in the Indian real estate market. Unlike traditional listing platforms, Truva provides:
High-Fidelity Listings: 3D tours, professional photography, and verified videos.
Data-Driven Insights: Exclusive metrics such as "natural light scores" and "noise ratings" for properties.
End-to-End Support: Assistance with financing, legal paperwork, and final property registration.
The startup claims to significantly reduce the time it takes to sell a property. While the market average in cities like Mumbai can stretch to nine months, Truva has reported an average sale time of just 19 days in focused areas like Powai and Bandra.
Future Outlook
Truva intends to use the $6.3 million to fund its working capital requirements and accelerate its business expansion across other high-demand micro-markets in Mumbai and beyond.
The proptech sector in India is witnessing a massive resurgence. According to industry reports, proptech startups raised a total of $368 million across 31 deals in 2025 alone, as buyers increasingly demand transparent, digital-first solutions for high-value transactions.