Student Housing Platform 'Homversity' uplifts $1 million in Pre-Series A

Homversity, the student housing networks platform. Homversity, has raised $1 million in a pre-Series A round from Shuru-Up, IPV (Inflection Point Ventures), Value Angels, Vinners Group, TAS, Pro-Growth Ventures.

The Ahmedabad-based firm previously raised $378K from Shuru-Up and other sources.

Homversity said in a press release that the proceeds will be used to establish a premium, scalable student housing operator model, support growth initiatives to enhance the platform's reach, and improve its offerings for students across India.

Homversity is a student housing network founded in 2019 by Saurav Kumar Sinha. Quality of stay, good food, and a safe, secure ecosystem for students are some of the major verticals of the industry that the platform focuses on organizing.

Homversity eliminates the hassle of food and living costs by providing a high standard of living and healthy meals, regardless of whether students come from rural areas or urban centers. As a result, students are able to concentrate on learning, networking, and personal development without having to worry about these essentials.

Over 35 million annual student enrollments across 51,000 universities, colleges, and institutes drive the student housing industry in India, according to market research.

Homversity touts its strengths as its extensive, in-depth database and in-depth understanding of the obstacles confronting tenants and property owners. This knowledge enables the platform to address key issues in the student housing sector, providing individualized solutions that enhance the user encounter.