AI-powered Proptech

Stellaris leads $9m round in Indian resale homes platform Truva


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.

AI + Blockchain Fix India’s Broken Resale Market

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.

Funds Supercharge National + Product Expansion

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.”

Perfect Timing: RERA + Urban Reset

Truva converges four structural shifts:

  • RERA maturity: Digitized title records unlock verified supply

  • Interest rate peak: Buyers pivot from new launches to discounted resale

  • NRI repatriation: $20B annual inflows seek trusted platforms

  • Broker digitization: 5 lakh agents need CRM beyond WhatsApp

Competitors chase rentals; Truva owns ownership transfer – the ₹10 lakh crore high-value transaction layer.

Path to Proptech Unicorn

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.

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