Homversity Raises USD 1 Million in Pre-Series A to Revolutionize Student Housing

In an exciting development, Homversity, India's leading student housing network, successfully raised USD 1 million in its Pre-Series A funding round. The round saw participation from key investors including Shuru-Up, Inflection Point Ventures (IPV), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, and Growth 91. The investment will be directed towards developing a premium scalable student housing operator model, aimed at expanding the platform’s reach and improving student accommodation options across the nation.

Founded in 2019 by Saurav Kumar Sinha, Homversity has quickly established itself as a pioneer in organizing various verticals of the student housing industry. It has created a solution that offers secure, affordable, and hassle-free housing, along with high-quality food and a safe environment for students, addressing the key challenges faced by students moving from rural areas to metropolitan cities for education. The platform’s extensive database and understanding of the market’s pain points allow it to offer tailored housing solutions that meet the evolving needs of its users.

This round of funding will fuel Homversity's plans to enhance its services and solidify its position as the largest premium student housing provider in India. With a growing demand for off-campus housing solutions in a market valued at Rs. 58,000 Crore, Homversity is poised to make a significant impact on the student housing ecosystem, providing a vital service to the over 35 million students enrolled in higher education institutions across the country.

Homversity’s commitment to solving the student housing problem reflects the company’s vision of revolutionizing this sector. With strategic investments and expert guidance from IPV, the company is on track to become a leader in India’s student housing market, enabling students to focus on their academic and personal growth while leaving behind the stress of finding suitable accommodation.