Co-living startup Truliv raises strategic investment from BCCL

Co-living startup Truliv has entered into a strategic equity partnership with Bennett, Coleman and Company Limited (BCCL) at a valuation of Rs 356.50 crore.

The Chennai based company had earlier raised 2.1 million US dollars in a seed funding round from DRA Homes and other investors.

According to a press release, the fresh funds will be used to expand Truliv’s footprint into new cities, strengthen its technology platforms, and build out the next set of alternate asset classes in hospitality including holiday homes and retirement living.

Founded in 2019 by Rohit Reddy and Ranjeeth Rathod, Truliv is a subsidiary of DRA and is focused on transforming the alternate asset class hospitality sector in India. The company aims to deliver impactful and future ready living solutions that cater to the evolving needs of diverse demographic segments.

Operating through a built to suit, asset light model, Truliv says its approach blends real estate efficiency with hospitality finesse. Its high occupancy properties serve the growing base of mobile professionals, digital nomads, and young urban migrants in India.

Truliv currently operates in the holiday homes segment as its second asset class, with several more offerings under development. Its upcoming portfolio includes student housing, retirement communities, and nature centric living solutions. Each offering is designed to redefine residential experiences through innovation, quality, and lifestyle integration.

With plans to scale into new cities and diversify into emerging segments like holiday homes, retirement living, and nature centric stays, the company is projected to generate Rs 200 crore in annual revenue within the next three years.