Private Equity Other Private Equity/Strategic Investments
Co-living startup Truliv raises funding from BCCL
Source Truliv (opens in a new tab)Entrackr (opens in a new tab)
Chennai-based co-living and holiday homes startup Truliv has received an investment from Bennett, Coleman and Company Ltd (BCCL) at a valuation of INR 356.50 crore.The new funds will be used to strengthen the firm's footprint and technology platform and for building holiday homes and retirement living assetsCo-founded in 2019 by Rohit Reddy and Ranjeeth Rathod, Truliv develops and manages co-living spaces, offering fully furnished, community-focused living environments for working professionals, students, and others. The firm had earlier raised USD 2.1 million from Conquest Global Ventures, others.
Company website ↗ (opens in a new tab)
In March 2023, Truliv had attracted about USD 2.10-M from Conquest Global Ventures, others.For FY24,Truliv had reported about INR 15.56 Cr in Operating Income and about INR 3.47 Cr in Net Loss.