Truliv Expands Horizons with Strategic Equity Boost from BCCL
Truliv, a co-living space operator, has secured equity funding from Bennett, Coleman & Co. Ltd at a valuation of Rs 356.50 crore. The investment will enable Truliv to expand into new cities, enhance its technology platform, and develop alternative hospitality assets, including student housing and retirement living solutions.
- Country:
- India
Chennai-based co-living space operator Truliv has announced a strategic equity partnership with Bennett, Coleman & Co. Ltd. (BCCL), valuing the company at Rs 356.50 crore. The exact amount of the equity raised was not disclosed.
The infusion of capital is aimed at driving Truliv's expansion into new cities. The funds will also be utilized to enhance the company's technology platform and to explore new alternate asset classes in hospitality. This includes ventures into holiday homes, retirement living, and other nature-centric living solutions.
Truliv, a subsidiary of DRA, already occupies a successful position within the holiday homes segment. Its future portfolio plans include diversifying into student housing and retirement communities as part of its broader strategic growth trajectory.
(With inputs from agencies.)
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