In a significant boost to the co-living and holiday homes sector, Indian startup Truliv has successfully secured a pre-seed funding round of $1.5 million (approximately Rs 12 crore). The investment comes from a group of diverse investors led by Conquest Global Ventures VCC, Vara Future LLP, and several others, resulting in a post-money valuation of approximately Rs 60 crore. Truliv aims to revolutionize the real estate industry by offering high-quality, conveniently located properties as shared rental accommodations, catering to the growing demands of millennials seeking comfort and convenience.
Co-living has emerged as an increasingly popular solution to address the challenges of affordable housing for young urban professionals, who seek hassle-free and flexible accommodation options. Truliv’s unique model appeals to this demographic by providing plug-and-play housing solutions that deliver not only comfortable living spaces but also foster a vibrant sense of community.
Established in 2019, Truliv has quickly gained recognition for its comprehensive housing and community solutions catering to a wide range of demographic populations across India. The startup’s services extend from millennials to retired individuals, ensuring inclusive and diverse accommodation options that meet the unique needs of each segment.
The recent funding round showcases the confidence and support Truliv has garnered from notable investors. Conquest Global Ventures VCC, a prominent venture capital firm, and Vara Future LLP, an investment entity specializing in real estate and technology, played key roles in leading the investment round. The participation of other investors further validates Truliv’s innovative approach and its potential for success in the co-living market.
The injection of $1.5 million in funds will enable Truliv to expand its operations, enhance its technological infrastructure, and further improve the quality and range of its offerings. The startup’s mission is to provide individuals with a seamless and enriching living experience while fostering a strong sense of community and social interaction.
Truliv’s co-living spaces are thoughtfully designed to meet the evolving needs of residents. These spaces are not just mere accommodations but vibrant hubs that facilitate networking, collaboration, and personal growth. By curating shared living spaces that promote interaction and socialization, Truliv goes beyond traditional housing models to create an environment that nurtures meaningful connections.
The co-living concept is gaining traction worldwide due to its ability to offer an affordable and flexible housing solution. With the rising cost of living and an increasing number of people embracing a mobile lifestyle, co-living has emerged as an attractive alternative to traditional renting or owning a home. Truliv’s innovative approach, backed by the recent funding, positions the startup at the forefront of the co-living industry, poised to cater to the evolving needs of the market.
Looking ahead, Truliv plans to utilize the funds to expand its presence across key metropolitan areas in India, offering a wide range of co-living options in strategic locations. The startup aims to leverage technology to streamline operations, enhance user experience, and provide a seamless digital platform for its residents.
Truliv’s commitment to providing affordable, convenient, and community-driven housing solutions aligns perfectly with the demands of the modern workforce. By addressing the challenges associated with housing affordability and social interaction, the startup aims to play a significant role in shaping the future of urban living in India.
With its successful pre-seed funding round, Truliv is well-positioned to fuel its growth, scale its operations, and further strengthen its position as a leader in the co-living and holiday homes market. As the demand for flexible, affordable, and community-driven housing continues to rise, Truliv is poised to make a lasting impact in the real estate industry, transforming the way people live and interact in urban environments.
