Cyber Monday Sale! 50% Off All Access

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

Elon Musk Still Isn't Getting His Historically High Pay as CEO of Tesla — Here's Why

A second shareholder vote wasn't enough to convince Delaware judge Kathaleen McCormick.

Business News

'Something Previously Impossible': New AI Makes 3D Worlds Out of a Single Image

The new technology allows viewers to explore two-dimensional images in 3D.

Growing a Business

Her Restaurant Business Is Worth $100 Million — Here's Her Unconventional Advice for Aspiring Entrepreneurs

Pinky Cole, founder of Slutty Vegan, talks about going from TV producer to restaurant owner, leaning into failure and the value of good PR.

Legal

How Do You Stop Porch Pirates From Stealing Christmas? These Top Tips Will Help Secure Your Deliveries.

Over 100 million packages were stolen last year. Here are top tips to make sure your stuff doesn't get swiped.

Data & Recovery

Ditch Fees With Lifetime Cloud Storage at Cyber Week's Lowest Price

Would you rather pay monthly or once and be covered for life?

Fundraising

They Turned Down an Early Pay Day to Maintain Control of Their Business. And Then Went on to Raise $190 Million.

Jason Yeh, co-founder and General Partner of Patron, explains the early-stage venture firm's creation and future outlook.