Pune: TRULiV announced that it has become the country’s first profitable co-living startup. The company reported FY2024–25 revenues of ₹32.34 crore, marking a 108.8% increase compared to ₹15.53 crore in FY2023–24. It also achieved profitability with a net gain of ₹13.15 lakh, reversing a ₹3.47 crore loss from the previous fiscal year.
TRULiV Posts Record Growth and Profitability in FY25
Founded in 2019, TRULiV has emerged as one of India’s Top 5 fastest-growing co-living brands, driven by strong adoption among Gen Z and Millennials across urban centers. Its asset-light, capital-efficient model has enabled rapid expansion and sustainable growth within just five years of launch.
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The company currently has nearly 7,000 beds signed across Chennai, Bengaluru, Hyderabad, and Pune, expected to go live in the next 12–18 months. With this expansion, the company is targeting revenues of ₹50 crore in FY2025–26, continuing its focus on operational discipline, curated experiences, and differentiated living solutions.
Commenting on the milestone, Rohit Reddy, Co-Founder & CEO of TRULiV, said: “Turning profitable within five years in such a competitive industry is a proud achievement. While India’s co-living sector is growing at 17% CAGR, TRULiV has delivered over 100% year-on-year growth by staying capital-efficient and prioritizing community-led living experiences for Gen Z and Millennials.”
Ranjeeth Rathod, Co-Founder & Managing Director of TRULiV, added: “This milestone proves that growth and profitability can go hand in hand in alternate hospitality. Achieving this as one of India’s Top 5 co-living brands in under five years reflects the strength of our sustainable, asset-light model.”
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TRULiV’s Funding and Future Plans
Earlier this year, TRULiV’s valuation was reinforced by a strategic investment from Bennett, Coleman & Co. Ltd (BCCL) at ₹356.5 crore. The company is also backed by Conquest Capital, DRA Homes, and several HNIs.
Looking ahead, the company plans to expand into new markets and diversify its offerings into holiday homes, retirement living, and nature-centric stays. With its capital-efficient business model, the company projects annual revenues of ₹200 crore within the next three years.
