Homeville Raises $7 Mn From 9Unicorns And Varanium NexGen Fund With their disruptive technology and the strong founding team, Homeville aims to broaden the entire housing finance market

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

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

Unsplash

Homeville, a financial technology company in-housing finance, on Thursday, announced to have raised $7 million with participation by 9Unicorns, Varanium NexGen Fund, JITOAngel Network, CREDAIMembers Network, Blacksoil, and Earlsfield Capital along with other investors.

Homeville is building a housing credit enablement network through its technology-driven platforms. The platforms serve the consumer housing credit demand and build the credit rails for institutional capital to flow seamlessly to retail credit assets linked to housing. The company has been a pioneer with its technology-enabled solutions for home buyers.

"We pioneered India's first down payment assistance program to accelerate housing for first-time home buyers. With our digital mortgage product and co-lending platform for affordable home finance, we are deepening our commitment to home buyers and India's housing finance ecosystem," said Madhusudan Sharma, co-founder, Homeville.

Homeville is leading the efforts to build open banking products on the mortgages side of the financial services industry. The company's technology architecture is based on open banking principles and designs. It creates significant operating leverage with an in-house technology stack powering its platforms.

 "The company is building out the missing credit network and fintech rails in the massive Indian housing ecosystem. This will accelerate housing for all missions and create a massive social impact. We are backing a solid team with extraordinary leadership and execution track record," commented Dr Apoorva Ranjan Sharma, founder, 9Unicorns and VentureCatalysts.

"Homeville's various platforms address the challenges faced by millennial home buyers and the real estate market. The company aims to help accelerate the $100 billion housing industry, poised to reach approximately $500 billion by 2025. This company is focused on helping people buy their first home, facilitate the flow of credit to affordable housing and share lending infrastructure among the housing finance companies. With their disruptive technology and the strong founding team, Homeville aims to broaden the entire housing finance market," shared Jaxay Shah, managing director, Savvy group, investor JITO Angel Network.

"Housing is a priority for government and regulators across the world. The long-term and safe nature of housing finance assets creates a large opportunity for new-age technology companies for building interesting fintech models. Homeville is uniquely positioned to be a market leader in the technology business driving home finance digitally," added Aparajit Bhandarkar, partner, Varanium Capital.

The company operates three platforms as part of its housing credit enablement network. The hugely popular HomeCapital platform pioneered a down payment assistance program in India and is a market leader with $250 million of housing sales facilitated through the platform. Bharat Housing Network, the company's second platform, builds the co-lending infrastructure in affordable housing finance to deliver grassroots-level credit. The third platform, HomeNxt (B2C), currently in the beta stage, is a digital mortgage platform that uses technology for mortgages underwriting and delivery by leveraging India's technology stack. The company is building the entire software stack for the digital mortgage journey.

Prabhjeet Bhatla

Former Staff

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Innovation

5 Ways to Improve Your Chances of Getting Patents

Turning innovation into patents? It can be an uphill battle. Check out these five effective strategies to improve your odds of success!

Science & Technology

From Data to Destiny — How AI Can Turbocharge Your Business Future

Are you ready to embrace the power of AI with trusted data? Let's transform challenges into opportunities and propel your business into the future.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

Strong Leaders Thrive in Complexity — Here Are 5 Leadership Level-Ups for 2025

Leadership isn't static. It's a journey of continual learning and evolution. Here are some lessons for leaders this year.