Financial technology startup Homeville raises $7 mn from investors

01 Oct 2021 CW Team

Mumbai-based Homeville has raised $7 million from investors to scale-up mortgage platforms and strengthen technology infrastructure.

A financial technology startup in housing finance, Homeville is founded by Indian Institute of Management (IIM) alumni - Lalit Menghani, Madhusudan Sharma, and Prasad Ajinkya.

It has raised $7 million with participation by 9Unicorns, JITO Angel Network, Confederation of Real Estate Developers' Associations of India (CREDAI) Members Network, Varanium NexGen Fund, Blacksoil, and Earlsfield Capital along with other investors, Homeville told the media.

The current funding will be used to further grow its technology infrastructure and scaling the mortgage platforms helping millennial home buyers as well as homebuyers in the affordable segment, it added.

The company had raised funds from Varanium NexGen Fund, Venture Catalysts, Singapore Angel Network, Venture Gurukool, JITO Incubation, and Innovation Foundation, and Shalin Shah among other marquee investors in May 2020. It did not reveal the amount last year.

Homeville runs three platforms as part of its housing credit enablement network. HomeCapital, the company's first platform which gives interest-free money to homebuyers for a down payment.

The company's second platform is Bharat Housing Network which builds the co-lending infrastructure in affordable housing finance to give grassroots-level credit.

The third platform, HomeNxt (B2C), currently in the beta stage, is a digital mortgage platform that utilises technology for mortgages underwriting and delivery by leveraging the technology stack of India.

Homeville, Co-founder Madhusudan Sharma, said that the company established India's first down payment assistance program to stimulate housing for first-time homebuyers. With the digital mortgage product and co-lending platform for affordable home finance, it is deepening the promise to home buyers and India's housing finance ecosystem.

Various platforms of Homeville address the difficulties faced by millennial home buyers and the real estate market, said Jaxay Shah, Managing Director of Savvy group, Investor JITO Angel Network, and former national president of CREDAI. This company is focused on supporting people to buy their first home, facilitate the flow of credit to affordable housing and share lending infrastructure between the housing finance companies.

Image Source

Also read: ICP plans investment in tech for real estate sector

Mumbai-based Homeville has raised $7 million from investors to scale-up mortgage platforms and strengthen technology infrastructure. A financial technology startup in housing finance, Homeville is founded by Indian Institute of Management (IIM) alumni - Lalit Menghani, Madhusudan Sharma, and Prasad Ajinkya. It has raised $7 million with participation by 9Unicorns, JITO Angel Network, Confederation of Real Estate Developers' Associations of India (CREDAI) Members Network, Varanium NexGen Fund, Blacksoil, and Earlsfield Capital along with other investors, Homeville told the media. The current funding will be used to further grow its technology infrastructure and scaling the mortgage platforms helping millennial home buyers as well as homebuyers in the affordable segment, it added. The company had raised funds from Varanium NexGen Fund, Venture Catalysts, Singapore Angel Network, Venture Gurukool, JITO Incubation, and Innovation Foundation, and Shalin Shah among other marquee investors in May 2020. It did not reveal the amount last year. Homeville runs three platforms as part of its housing credit enablement network. HomeCapital, the company's first platform which gives interest-free money to homebuyers for a down payment. The company's second platform is Bharat Housing Network which builds the co-lending infrastructure in affordable housing finance to give grassroots-level credit. The third platform, HomeNxt (B2C), currently in the beta stage, is a digital mortgage platform that utilises technology for mortgages underwriting and delivery by leveraging the technology stack of India. Homeville, Co-founder Madhusudan Sharma, said that the company established India's first down payment assistance program to stimulate housing for first-time homebuyers. With the digital mortgage product and co-lending platform for affordable home finance, it is deepening the promise to home buyers and India's housing finance ecosystem. Various platforms of Homeville address the difficulties faced by millennial home buyers and the real estate market, said Jaxay Shah, Managing Director of Savvy group, Investor JITO Angel Network, and former national president of CREDAI. This company is focused on supporting people to buy their first home, facilitate the flow of credit to affordable housing and share lending infrastructure between the housing finance companies. Image SourceAlso read: ICP plans investment in tech for real estate sector

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..