Co-living and holiday homes startup Truliv has secured $1.5 million in a pre-seed funding round led by Conquest Global Ventures VCC, Vara Future LLP, and others at a post-money valuation of Rs 60 crore.
The company plans to use the raised funds for the growth of its co-living and holiday homes business verticals, Truliv said in a press release.
Co-founded in 2019 by Rohit Reddy and Ranjeeth Rathod, Truliv is a subsidiary of DRA created for the purpose of redefining alternate real estate class. Truliv provides housing and community solutions for all demographic populations of India right from millennials to retired people.
According to Truliv, its holiday homes offer the perfect destination for small families and groups. The villas offer all the comforts of home and enhance guest experience by offering customisation options to meet individual preferences. Truliv holiday homes is currently exploring alliances with corporate clients to provide accommodations for business travellers and corporate retreats.
The Chennai-based startup targets to reach 7,000 co-living beds in Chennai, by 2025, which is 3X increase from its current capacity, and to 36 holiday homes across Tamil Nadu by 2025 which is 5X increase from its current capacity.
