Student housing networks platform Homversity has raised $1 million in a pre-Series A circular from Shuru-Up, IPV (Inflection Point Ventures), Value Angels, Vinners Bunch, TAS, Pro-Growth Ventures, Growth 91, and other investors.

The Ahmedabad-based company had already raised $378K from Shuru-Up and more.

The continues will be sent towards setting up a premium, scalable student housing administrator demonstrate, supporting development activities to improve the platform's reach, and progressing its offerings for understudies over India, Homversity said in a press release.

Founded in 2019 by Saurav Kumar Sinha, Homversity is an understudy housing network organising a few verticals of India’s understudy lodging industry. The stage centers on organizing major verticals of the industry, such as quality of stay, good food, and a secure, secure ecosystem for understudies with hassle-free forms and back frameworks like a 100% discount on cancellations.

Homversity kills the hassles of food and living costs by giving a tall standard of living and solid suppers, whether understudies come from country zones or urban centres. By doing so, it guarantees understudies can center on instruction, organizing, and individual development without stressing almost these essential necessities.

According to advertise inquire about, the understudy lodging industry in India presents a Rs 58,000 crore opportunity, driven by over 35 million yearly understudy enrollments over 51,000 colleges, colleges, and institutes.

Homversity states that its qualities lie in its broad, in-depth database and deep insights into the challenges inhabitants and landlords face. This understanding permits the stage to address key torment focuses on the understudy lodging advertises, advertising custom fitted arrangements that improve the encounter for all users.