Chennai-based co-living platform Truliv has announced a strategic equity partnership with media conglomerate Bennett, Coleman and Company Limited (BCCL). The investment pegs the company’s valuation at approximately ₹356.5 crore.
Previously, Truliv raised $2.1 million in a seed round from DRA Homes and other investors. The current equity infusion is expected to support Truliv's expansion into new urban markets, upgrade its technology infrastructure, and diversify its offerings in the alternative hospitality sector.
Truliv is currently operational in the co-living and holiday homes segments and plans to introduce additional formats including student housing, retirement communities, and nature-centric stays. The company follows an asset-light, built-to-suit development model, combining real estate efficiency with a hospitality-led experience.
With this approach, Truliv caters primarily to young professionals, digital nomads, and urban migrants—groups showing increasing demand for flexible living options.
Founded in 2019 by Rohit Reddy and Ranjeeth Rathod, Truliv operates as a subsidiary of DRA. The brand aims to build future-ready living environments that reflect the shifting preferences of India’s urban population.
According to company projections, Truliv expects to reach an annual revenue milestone of ₹200 crore within the next three years, supported by its upcoming portfolio of residential offerings.
As the company moves toward expanding its geographic footprint and entering new asset classes in hospitality, the recent equity investment is likely to play a key role in its next phase of growth—extending well into the upcoming year.
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By Proptechbuzz
By Ravi Kumar