Get All Access for $5/mo

Homversity Raises $155,000 Funds will be utilized for upgrading its technology, hiring talent and expanding services

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Homversity, a verified marketplace for student housing, has raised $155,000. This round was led by Shuru-Up, Growth-Sense, ValCreators, BeyPar Innovations LLP and Mercury Angel Investors.

Homversity will be utilizing the funds for upgrading its technology, hiring talent and expanding services. The platform aims at creating a verified ecosystem which would organize India's student housing market and solve the mismanagement of data.

"I believe that Homversity can be the first friend of any student looking for a place to stay in a new place. It is not just a hostel booking platform, it is a company built by the students catering to the needs of the students," said Kedar Dave, founder and managing partner at Shuru-Up, in a statement.

Homversity has now evolved into a complete ecosystem with a variety of value-added and innovative services.

"We at Homversity are thrilled to have such amazing investors with key insights and experiences of this industry. With their support and ideas we will grow faster, better and cooler," said Saurav Kumar Sinha, CEO and founder of Homversity.

Till now, Homversity has won at several national and international events and is on the verge of becoming a go-to-platform for booking hostels and paying guest accommodations, added the statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Collaboration

Watch Out for These 5 Consequences of Too Much Collaboration

Beware of the collaboration trap! Too much collaboration causes overload, and well-intentioned efforts to have broad collaboration can backfire.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.

Starting a Business

Inside the Exclusive Private Club Devoted to Food, Wine and the Arts

Barrett Wissman breaks down the passions and partnerships behind his latest venture Domus Artium Reserve.

Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.