The startup operates an online platform that enables students to search and book verified hostel accommodations near educational institutions across various cities. By utilizing advanced filtering options for location and property type, the platform addresses the challenge of finding suitable housing for students in unfamiliar areas.
Funding
$20.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Finding suitable and verified accommodations, such as hostels and PGs, can be challenging for students and professionals relocating to new cities, especially when considering factors like safety, amenities, and budget. Traditional methods often involve brokerage fees and lack comprehensive information, making the search process inefficient and potentially costly.
Solution
Homversity provides a platform that streamlines the search and booking process for fully furnished hostels, PGs, and co-living spaces tailored for students and professionals. The platform offers verified listings with detailed information, eliminating brokerage fees and hidden charges. Users can filter accommodations based on location, budget, and preferred amenities, ensuring a hassle-free experience. Homversity also provides options for online payments, rental savings, and dedicated 24/7 support, creating a comprehensive ecosystem for student and professional housing needs.
Target Audience
The primary target audience includes students and working professionals seeking fully furnished and verified hostel, PG, and co-living accommodations near universities, colleges, or workplaces.
Features
- Verified listings of hostels, PGs, and flats with detailed information and real images
- Advanced search filters based on locality, institute, budget, and amenities
- Online booking and payment options via UPI, cards, net banking, and wallets
- Cashback offers and rental savings of up to 20% on monthly rent
- 100% refund guarantee on cancellations
- Dedicated 24/7 customer support and assistance
- Mobile applications for both tenants ("Buddies App") and landlords ("Lord App")
- Digital solutions for landlords, including paperless tenant check-in, KYC collection, and rent management
- Homversity Healthy New, a service providing healthy and tasty food options at hostels