9Unicorns and Varanium NexGen lead $7 Mn round in Homeville

Homeville, a housing fintech startup, has raised $7 million in a round led by 9Unicorns and Varanium NexGen Fund. JITO Angel Network, CREDAI Members Network, Blacksoil, Earlsfield Capital, VCats and others have also participated in the round.

According to Homeville, the funds will be used to further strengthen its technology infrastructure and scaling the mortgage platforms serving millennial home buyers as well as home buyers in the affordable segment.

Founded by Lalit Menghani, Madhusudan Sharma, and Prasad Ajinkya, Homeville 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. HomeNxt, the company’s B2C platform is a digital mortgage platform which uses technology for mortgages underwriting and delivery by leveraging India’s technology stack.