Rohit Reddy, Co-Founder and CEO, TRULiV
| Photo Credit:
Bijoy Ghosh
TRULiV, a Chennai-based co-living start-up is targeting revenues of ₹60 crore in FY26, driven by expansion in the metro markets.
Speaking to businessline, TRULiV co-founder & CEO Rohit Reddy said the company has become the first player in the Indian co-living and alternative hospitality sector to turn profitable. In FY25, TRULiV posted a net profit of ₹13 lakh against a ₹3.4 crore loss in the previous fiscal. Revenue went up by 108 per cent to ₹32 crore, he added.
Reddy said the company’s edge in the crowded co-living space is the focus on real estate and hospitality. “Unlike others who prioritise the technology side of the business, we put around 90 per cent of our efforts in real estate and hospitality. The quality of assets and the quality of services are extremely important in this industry and, hence, we built those teams first,” he said. Around 80 per cent of TRULiV’s team focuses on hospitality and customer service, he added.
TRULiV runs about 40 properties with 3,000 beds in Chennai and 1,000 in Bengaluru. It is adding around 4,000 beds in Pune and 500 in Hyderabad, and expects around 7,000 beds to become operational across these cities over the next 12-18 months. The company, which secured a $1.8 million funding in 2023, will fuel the expansion through its internal accruals, Reddy added.
holiday homes
TRULiV also has a presence in the holiday homes segment with nine villas currently operational and three in the pipeline. Reddy added that the company will enter the student accommodation business in the next two years.
TRULiV follows a build-to-suit model where the company has control in terms of the size, design, location of the property while remaining asset light. “Essentially, we tie up with builders who develop the property according to our needs and sell it to retail investors. We then lease it back from these retail investors and give them a rental guarantee,” he said.
Published on September 8, 2025