Truliv Gets Strategic Investment From The Times Group

SUMMARY

Truliv will use the fresh capital to expand into new cities, enhance its tech-driven platform and foray into segments like holiday homes and retirement living

The startup aims for an annual revenue of INR 200 Cr in the next three years

As per Tofler, Truliv reported a revenue of INR 15.55 Cr for the financial year ended March 31 2024. The startup also reported a net loss of INR 3.4 Cr during the fiscal year under review

Chennai-based coliving startup Truliv today said it has entered into a strategic equity partnership with Bennett, Coleman & Co. Ltd (BCCL) at a valuation of INR 356.50 Cr.

However, the company did not disclose the financial terms of the deal.

Truliv will use the fresh capital to expand into new cities, enhance its tech-driven platform and foray into hospitality segments like holiday homes and retirement living.

The startup aims for an annual revenue of INR 200 Cr in the next three years.

BCCL (also commonly known as The Times Group) is a media conglomerate based in Mumbai. Major brands under the group include The Times of India, The Economic Times, Times Now, Radio Mirchi, Filmfare and Femina.

According to Tofler, Truliv reported a revenue of INR 15.55 Cr for the financial year ended March 31, 2024, along with a net loss of INR 3.4 Cr.

However, based on provisional figures shared by the startup for FY25, Truliv more than doubled its revenue to INR 31.63 Cr and turned profitable, posting a net profit of INR 22 Lakh.

Truliv’s cofounder, Ranjeeth Rathod, said, “This strategic investment from BCCL will enable us to amplify our presence, invest in deeper technology-led solutions, and build robust institutional partnerships across the real estate and hospitality spectrum.”

Founded in 2019 by Rathod and Rohit Reddy, Truliv offers coliving spaces and alternative hospitality solutions, including holiday homes. It claims to have raised $2 Mn in seed funding and currently has 80% promoter ownership.

In 2023, it raised pre-seed funding of $1.5 Mn from Conquest Global Ventures VCC, Vara Future LLP, and other investors. As per its website, the company appears to be operational in Chennai with plans to expand into new cities like Bengaluru, Pune, and Hyderabad.

Truliv competes against coliving startups such as Stanza Living, Colive, Zolo Stays, and NestAway, among others.

Investors are increasingly focusing on coliving startups in India due to the sector’s strong growth trajectory, driven by changing lifestyle preferences among young professionals and students.

Moreover, coliving investments are seen to offer higher returns than traditional real estate, thanks to higher occupancy rates, flexible rental models, and the ability to scale quickly in urban centres.

Last year, another coliving startup, Stanza Living, raised INR 100 Cr from existing investors, including Alpha Wave, Matrix Partners, Accel India and Peak XV Partners.

As per a Colliers India report, the coliving sector is set to grow 5X from INR 4,000 Cr ($ 465 Mn) in 2025 to nearly INR 20,000 Cr ($ 2.33 Bn) in 2030.