Stellaris Leads $9M Round for Truva, India’s AI-Powered Resale Homes Platform
Truva, the Bengaluru-based proptech startup revolutionizing secondary real estate transactions, has raised $9 million in funding led by Stellaris Venture Partners, accelerating its mission to bring transparency and efficiency to India’s $150 billion resale housing market.
The round includes marquee participation from existing investors like Blume Ventures and angel investors with deep real estate expertise. With 50,000+ listings across 10 major cities and 3x YoY transaction growth, Truva captures the massive shift from new launches to resale as urban India prioritizes verified properties over developer promises.
Founded in 2023 by IIT Delhi alumni Rohan Sharma and ex-NoBroker engineering head Priya Rao, Truva solves secondary market chaos – fake listings, title disputes, and 90-day closing delays. Its full-stack platform delivers:
Verified Inventory: 360° property audits with RERA docs, encumbrance certificates, and bank NOC verification
AI Matching: 87% accuracy connecting buyers to “perfect fit” neighborhoods using lifestyle + budget signals
Instant Valuations: ML models trained on 10M+ transactions predict sale price within 3% of final close
Smart Contracts: Blockchain escrow releases funds only on mutation completion
Unlike Housing.com’s listing aggregation, Truva owns the end-to-end transaction – inspections to registration – earning 2% brokerage + 0.5% tech fees. Early customers include Godrej Properties resales and HNIs trading ₹5-50 crore homes.
Stellaris’ capital deploys across three growth engines:
City Blitz: 25-city expansion targeting resale-heavy markets like Pune, Chennai, Hyderabad. Mumbai pilot hits 70% buyer conversion vs industry 15%.
Enterprise Partnerships: White-label platform for developers liquidating inventory, banks recovering NPAs. HDFC pilots 1,000 repossessed home sales.
Vertical SaaS: Truva Pro for brokers (CRM + lead distribution), Truva Finance (mortgage marketplace), Truva Rentals (40% margins).
Stellaris Partner Vardhan Dharnidharka declared: “Resale represents 75% of transactions but 5% of proptech innovation. Truva captures the plumbing upgrade housing portals ignored for 15 years.”
Truva converges four structural shifts:
Competitors chase rentals; Truva owns ownership transfer – the ₹10 lakh crore high-value transaction layer.
Series A positions Truva for ₹500 crore GMV by FY27 through 1 million monthly users. Series B funds adjacent commercial resale. IPO trajectory emerges as secondary market formalizes at 20% CAGR.
In India’s fractured $150 billion resale jungle, Truva proves AI + blockchain doesn’t disrupt primary real estate – it civilizes the secondary market where real wealth quietly transfers. Stellaris just backed the pickaxe for proptech’s next gold rush.
