TRULiV, a leading player in India’s co-living and alternate hospitality sector, has announced its first profitable fiscal year, becoming the country’s first co-living startup to achieve profitability. The company posted FY 2024–25 revenues of Rs34.32 crore—a 108.8% increase over the previous year’s Rs15.53 crore—and recorded a net profit of Rs13 lakh, reversing a Rs3.47 crore loss in FY 2023–24.
Founded in 2019, TRULiV has scaled rapidly while maintaining a capital-efficient, asset-light model. With nearly 7,000 beds signed across Chennai, Bengaluru, Hyderabad, and Pune—expected to go live over the next 12–18 months—the company is targeting Rs50 crore in revenue for FY 2025–26.
“Turning profitable in a fast-growing yet highly competitive sector, and doing so within five years, is a milestone we are deeply proud of,” said Rohit Reddy, Co-Founder & CEO, TRULiV. “Gen Z and Millennials are shaping the future of urban living, and TRULiV meets their demand for flexibility, design, and friendship-led communities.”
TRULiV’s differentiated supply model and customer-first approach have positioned it among India’s Top 5 co-living brands. The company’s valuation was recently bolstered by a strategic investment from Bennett, Coleman & Co. Ltd (BCCL) at Rs356.5 crore, recognizing its blend of investor confidence, fast scale-up, and operational discipline. It is also backed by Conquest Capital, DRA Homes, and select HNIs.
“This success proves that profit and growth are both possible in alternate hospitality,” said Ranjeeth Rathod, Co-Founder & Managing Director, TRULiV. “We see our journey as the beginning of a larger transformation—making alternate hospitality both aspirational and financially viable across India.”
As TRULiV expands into new cities and diversifies into segments like holiday homes, retirement living, and nature-centric stays, its capital-efficient model is projected to generate Rs200 crore in annual revenue within the next three years.
