Truliv, a Chennai-based co-living and holiday homes startup, has raised a pre-seed round of $1.5 million growth fund from various investors led by Conquest Global Ventures VCC, Vara Future LLP, and others at a post-money valuation of ₹60 crore. This is the first Chennai-based co-living startup to raise a seed round.
Incorporated in 2019, Truliv is a subsidiary of DRA created for the purpose of redefining alternate real estate class.
“Truliv intends to utilise these funds for the growth of its co-living, and holiday homes business verticals. The company targets to reach 7,000 co-living beds in Chennai by 2025, which is a 3X increase from its current capacity, and to 36 holiday homes across Tamil Nadu by 2025 which is a 5X increase from its current capacity,” Rohit Reddy, Co-Founder, Truliv said.
