Homversity, a platform dedicated to organizing student housing networks, has successfully raised $1 million in a pre-Series A funding round. The investment comes from key players such as Shuru-Up, Inflection Point Ventures (IPV), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, Growth 91, among others.
The Ahmedabad-based startup previously secured $378,000 from Shuru-Up, bringing its total funding to date to a noteworthy sum. The latest funds will be used to strengthen its scalable student housing model, boost the platform’s growth initiatives, and expand its offerings to students across India.
Founded in 2019 by Saurav Kumar Sinha, Homversity has positioned itself as a leader in India’s student housing sector. The platform addresses essential verticals of the industry, including quality living standards, healthy meals, and a secure environment for students. With its promise of a hassle-free experience, including a 100% refund on cancellations, Homversity offers comprehensive support for students, ensuring their accommodation needs are met with ease.
Homversity’s model also helps eliminate the challenges of high food and living costs, providing students with comfortable, affordable, and nutritious options, regardless of their geographical background. This approach allows students to focus on their education, networking, and personal growth without worrying about basic amenities.
With the student housing market in India valued at Rs 58,000 crore, driven by over 35 million student enrollments each year across 51,000 educational institutions, Homversity sees a significant opportunity to expand its reach. The platform’s deep insights into the needs of both tenants and landlords give it a competitive edge, enabling it to offer customized solutions that enhance the overall student housing experience.