Truliv, a startup specializing in co-living and holiday home rentals, has successfully secured $1.5 million in a pre-seed round. The funding round was led by investors which include Conquest Global Ventures VCC, and Vara Future LLP.
Commenting on this, Rohit Reddy, co-founder, Truliv, said, “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.”
Ranjeet Rathod, co-founder, Truliv, said, “The demand for shared living spaces is expected to rise significantly over the next few years.”
The startup has the potential to disrupt the traditional housing and hospitality sectors by providing affordable, flexible, and high-quality accommodations for urban professionals, millennials, and travelers.
The Chennai based startup was founded in 2019 by Ranjeet Rathod and Rohit Reddy. The startup aims to offer a wide range of co-living spaces and vacation rentals. With the use of Truliv’s platform, customers can effortlessly browse through an extensive collection of curated properties.
With the funds raised, the startup is set to focus on growth and expansion. Truliv aims to provide hassle-free accommodation options for individuals seeking flexible living arrangements or unforgettable travel experiences.
