Truva, Halden, and Adukale Secure Funding

Truva Raises USD 3 Million to Transform Real Estate Transactions

Real estate tech startup Truva has successfully secured USD 3 million in funding, with Stellaris Venture Partners leading the round. The funding also saw participation from prominent angel investors such as Myntra founder Mukesh Bansal, Curefoods founder Ankit Nagori, and Groww founder Lalit Keshre. 

Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva is poised to use this capital for expanding its team, enhancing its product offerings, boosting working capital, and scaling operations. The startup provides detailed property listings, featuring unique aspects like natural light scores, noise ratings, 3D tours, and high-resolution images. Additionally, Truva offers comprehensive support to buyers, including assistance with financing, paperwork, and registration, aiming to simplify and speed up the home-buying process.

"By prioritizing buyer experiences, we intend to reduce the complexities of real estate transactions and expedite the home-buying journey," said Arora. Since its launch, Truva has facilitated property transactions worth over INR 30 crore in Powai, Mumbai, achieving an average sale time of just 19 days, compared to the typical market average of nine months. Currently operational in Powai and Bandra, Truva plans to expand its presence across Mumbai within the next year.

Halden Raises INR 5 Crore to Expand Luxury Men's Brand

Luxury men's brand Halden, based in Mumbai, has raised INR 5 crore in a seed funding round led by Prajay Advisors. The funds will be used to expand the brand's market presence and enhance its product offerings. 

Co-founded in 2019 by Anuj Beriwal and Mukund Singhal, Halden specializes in offering high-quality luxury products at affordable prices, including belts, sunglasses, accessories, travel goods, and business essentials. Since its inception, Halden has served over 100,000 customers across tier I and tier II cities in India.

Mukund Singhal, co-founder and director, stated, "The funds will be strategically utilized to expand Halden's offline presence, with a focus on increasing brand visibility, boosting sales, and entering new online and retail markets." Halden aims to solidify its position in the luxury market, making premium products more accessible to a broader audience as it continues to grow its offline footprint.