Co-living and holiday homes startup Truliv has raised $1.5 million in seed funding led by Accel Partners, with participation from Sequoia Capital India and other angel investors. The funding will be used to expand Truliv’s operations and launch new products.
Truliv was established in 2021 by Sreeram Ramachandran, Karthik Ramachandran, and Sreejith Krishnan. It operates in several key Indian cities, including Chennai, Bangalore, and Hyderabad. The company specializes in providing co-living spaces that offer a range of amenities to its residents, such as shared kitchens, living rooms, and gyms.
Apart from co-living spaces, Truliv also offers holiday homes in popular tourist destinations like Ooty, Munnar, and Goa. The co-living and holiday homes market in India is booming, and it’s expected to grow even more in the coming years. According to JLL India, this market is projected to reach a value of $25 billion by 2025.
Truliv, a company in this industry, is well-positioned to take advantage of this growth. They have a unique range of products and services that set them apart from their competitors.
Truliv’s recent seed funding round was a success, validating its business model and highlighting its growth potential. The funds obtained will be crucial in expanding the company’s operations to more cities across India and introducing exciting new products. Moreover, Truliv has ambitious plans to venture into international markets down the line. This funding round not only provides a financial boost but also affirms Truliv’s vision for the future.
