Several prop-tech startups have recently secured funding, including Truva, a Mumbai-based real estate tech firm that raised USD 3 million in a round led by Stellaris Venture Partners. Notable individual investors, such as Myntra founder Mukesh Bansal and Curefoods founder Ankit Nagori, also participated. Founded in 2023, Truva offers a platform with detailed property listings, financing help, and features like natural light scores and 3D tours. The investment will support team expansion, product development, and scaling operations. Since its launch, Truva has facilitated transactions worth over INR 30 crore and plans to expand beyond Powai and Bandra.
Truva, a Mumbai-based real estate technology startup, has secured USD 3 million in a funding round led by Stellaris Venture Partners. The investment also includes contributions from notable investors like Myntra founder Mukesh Bansal, Curefoods founder Ankit Nagori, and Groww founder Lalit Keshre. The funds will be used for expanding the team, enhancing the product, raising working capital, and scaling operations.
Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, the Mumbai-based startup offers detailed property listings with helpful insights and support for buyers. This includes assistance with financing, paperwork, and registration. The platform also features natural light scores, noise ratings, 3D tours, and high-quality photos and videos. Puneet Arora explained that their goal is to simplify real estate transactions and speed up the home-buying process by focusing on enhancing the buyer's experience.
Since its launch, Truva has facilitated property transactions worth over INR 30 crore in Powai, Mumbai, with an average selling time of 19 days compared to the market average of nine months. The company currently operates in Powai and Bandra and plans to expand to other areas in Mumbai within the next year.
Ritesh Banglani from Stellaris Venture Partners commented on the investment, saying that as disposable incomes rise and cities grow, housing demand will increase. He believes there's a need for better home-buying experiences to tap into this market potential. He noted that Truva's team is dedicated to understanding customer needs and creating an exceptional home-buying process.
In recent months, several prop-tech companies have attracted funding. On July 11, Jugyah, a prop-tech startup, raised USD 1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties.
Earlier, on June 18, Landeed, a platform specializing in property title searches, successfully closed a strategic financing round with support from Paradigm Shift VC.
Additionally, in March, Aeria, a company focused on tenant experience and asset management in commercial real estate, secured USD 1.8 million in pre-seed funding. This round was led by Kalaari Capital and Foundamental, with contributions from AC Ventures and AL Trust.
Advertisement
Facebook
Whatsapp
