Homeville raises $7 million

Homeville, a financial technology company in housing finance, has raised $7 million with participation by 9Unicorns, Varanium NexGen Fund, JITO Angel Network, CREDAI Members Network, Blacksoil and Earlsfield Capital along with other investors.

Homeville, said a press release, 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 operates three platforms – HomeCapital, Bharat Housing Network and HomeNxt – as part of its housing credit enablement network.

Apoorva Ranjan Sharma, Founder, 9Unicorns and Venture Catalysts, said, “The company is building the missing credit network and fintech rails in the massive Indian housing ecosystem. This will accelerate ‘Housing for All’ mission and create a massive social impact.”

Madhusudan Sharma, Co-founder, Homeville, added “We pioneered India’s first down payment assistance programme to accelerate housing for first-time homebuyers. With our digital mortgage product and co-lending platform for affordable home finance, we are deepening our commitment to homebuyers and India’s housing finance ecosystem.”

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Jaxay Shah, MD of Savvy Group Investor JITO Angel Network, said, “Homeville’s various platforms address the challenges faced by millennial homebuyers and the real estate market. The company aims to help accelerate the $100 billion housing industry, poised to reach approximately $500 billion by 2025.”

Aparajit Bhandarkar, Partner, Varanium Capital, said, “Homeville is uniquely positioned to be a market leader in the technology business driving home finance digitally.”