Chennai, Jun 23 (PTI) Co-living space operator Truliv has raised equity funding from Bennett, Coleman & Co. Ltd (BCCL) at a valuation of Rs 356.50 crore.
In a statement on Monday, Chennai-based Truliv said it has formed a "strategic equity partnership with Bennett, Coleman & Co. Ltd. (BCCL) at a valuation of Rs 356.50 crore".
The company did not mention the amount it has raised from BCCL.
The capital raised will be used to expand Truliv's footprint into new cities, strengthen its technology platform, and build out its next set of alternate asset classes in hospitality, including holiday homes and retirement living.
TruIiv, a subsidiary of DRA, provides built-to-suit co-living spaces. It currently operates successfully in the holiday homes segment as its second asset class. The upcoming portfolio includes student housing, retirement communities, and nature-centric living solutions.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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