Homeville raises Rs 50 cr from 9 startups

Mumbai: Housing finance player Homeville has raised Rs 50 crore from a clutch of start-ups like Varanium NexGen Fund, JITOAngel Network, CREDAIMembers Network,Blacksoil and Earlsfield Capital, the company said in a statement.

Dr Apoorva Ranjan Sharma, Founder 9Unicorns and VentureCatalysts said "The company is building out 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. We are backing a solid team with extraordinary leadership and execution track record.

Madhusudan Sharma, Co-founder, Homeville said “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."

Jaxay Shah, MD of Savvy group, Investor JITO Angel Network and Ex National President, CREDAI added  "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.”