Truliv
Overview
Truliv is a co-living startup based in Chennai, India, that offers flexible rental solutions and modern coliving spaces tailored to young professionals and students. Founded by Rohit Reddy and Ranjeeth Rathod in 2019, the company has quickly grown to become a prominent player within India's co-living and alternative hospitality sector. Truliv has raised approximately $2.1 million over multiple funding rounds, with key investments from Bennett, Coleman & Co. Ltd., among others. Today, Truliv is celebrated as India's first profitable co-living startup, positioned among the top five brands in the industry.
Recent Developments
- September 2025: Truliv became India's first profitable co-living startup, boasting a revenue growth of 108.8% in the fiscal year 2025, reaching INR 32.34 crore. They posted a net profit of INR 13.15 lakh, marking a significant turnaround from the previous year's loss of INR 3.47 crore.
- June 2025: A strategic equity partnership with Bennett, Coleman & Co. Ltd. valued at over INR 356.5 crore was formalized. This investment is aiding in Truliv's expansion across new cities and diversifying its hospitality offerings to include holiday homes and retirement living.
- March 2025: Truliv announced its foray into the Bengaluru market, targeting micro-markets such as Hebbal and Whitefield with an initial offering of 1,000 beds.
- FY 2024-2025: The company announced plans to achieve revenues of INR 50 crore and projects an annual revenue of INR 200 crore over the next three years, aiming to expand via a capital-efficient, asset-light model focused on community and experience.
- July 2025: In a bid to enhance its technological infrastructure, Truliv received undisclosed seed funding aimed at broadening its market presence, especially in the realms of holiday homes and nature-centric living solutions.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Chennai, India |
| Founders | Rohit Reddy, Ranjeeth Rathod |
| Revenue | INR 32.34 crore (FY 2025) |
| Profits | INR 13.15 lakh (FY 2025) |
| Key Investors | Bennett, Coleman & Co. Ltd, DRA Homes, Conquest Capital |
| Industry | Co-living, Real Estate |
| Number of Employees | 76 (as of July 2025) |
Early History
Truliv was founded in 2019 by industry professionals Rohit Reddy and Ranjeeth Rathod, aiming to address the growing demand for flexible and affordable urban living options among India’s young professionals and students. The company quickly gained traction by adopting an asset-light model, allowing it to remain capital-efficient and scalable. Their early involvement in co-living spaces, primarily within Chennai, provided a blueprint for success that emphasized customer-first approaches and innovative design.
Company Profile and Achievements
Truliv stands out in the co-living sector due to its robust business model, which combines technology-driven solutions with a customer-first service approach. Some key achievements include:
- Earning the distinction of India's first profitable co-living startup by mid-2025.
- Maintaining over 7,000 beds across major Indian cities like Chennai, Bangalore, and Hyderabad.
- Progressing rapidly to build a substantial holiday homes sector as part of its diversified offerings.
- Securing considerable strategic investments to bolster operational growth and sustainability through partners like Bennett, Coleman & Co. Ltd.
- Implementing a successful "built-to-suit" model, ensuring alignment with the evolving market demands without exerting financial strain from owning real estate.
Current Operations and Market Position
Currently, Truliv operates a large number of co-living beds across Chennai, Hyderabad, and Mumbai, with plans to expand into newer territories like Pune and Gurugram. The company’s market position is bolstered by its asset-light strategy, which allows it to manage high-quality accommodations while minimizing financial overhead. This unique strategy has enabled Truliv to become a market leader in urban co-living, particularly appreciated by Gen Z and millennial demographics seeking flexibility in living arrangements.
Conclusion
Truliv’s trajectory in India’s co-living space exemplifies how innovation and strategic partnerships can foster substantial growth and leadership in highly competitive industries. With its continued focus on customer-centric services, environmentally conscious models, and strategic geographical expansion, Truliv appears poised to influence significantly the future of urban living in India, leading the charge in co-living and modern hospitality.