Homversity, a student housing networks platform has raised $1 million in its pre-Series A funding round from Shuru-Up, Inflection Point Ventures (IPV), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, Growth 91 and other marquee investors.
The fresh funds will be used to establish a premium scalable student housing operator model. This strategic investment will also used to enhance the platform’s reach and improve its offerings for students across India.
Saurav Kumar Sinha, Founder & CEO, Homversity, said, “Homversity is working extremely hard towards solving the student housing problem in India and uplifting India’s student housing Industry, with IPV’s expertise in having worked with some great companies in the past targeted towards mass audiences, We see Homversity propelling towards becoming the largest premium student housing brand in the coming years.”
Ankur Mittal, Co-founder, Inflection Point Ventures said, “Students moving from rural areas to metropolitan cities for better education opportunities often face cultural shock in terms of costs of food, living, and transportation. Homversity is looking to address two of these key problems by providing a high standard of living and healthy meals, whether students come from rural areas or any other urban centres. By doing this, Homversity ensures students can focus on education, networking, and personal growth without worrying about these necessities.”
Founded in 2019 by Saurav Kumar Sinha, Homversity connects students with secure and convenient accommodation options while organizing multiple verticals within the student housing industry.
Homversity’s strengths lie in its extensive, in-depth database and deep insights into the challenges tenants and landlords face. This unique understanding allows the platform to address key pain points in the student housing market, offering tailored solutions that enhance the experience for all users.
