Homeversity Shark Tank India Season 3

What Happened to Homeversity After Shark Tank India?

Homeversity is a student housing platform that helps students and working professionals find and book the right accommodation at the best possible prices. Other than that, the platform provides all these facilities without any hidden charges or brokerage fees.

More About Homeversity

Homeversity also helps property owners manage and run their properties using their technology and platform. They operate in more than 30 cities and serve more than 1,10,000 beds across India.

As per the founder, in our country, every year, more than 3 crore students enroll in various universities and colleges but only 10-12% can find campus accommodation. Homeversity’s main vision is to fill this gap using technology and organize this industry to match global standards.

Founders of Homversity

Saurav Kumar Sinha is the founder of Homversity, a student housing platform that focuses on organizing the accommodation market.

Homeversity Shark Tank Pitch and Updates

Saurav Kumar Sinha appeared on Shark Tank India to raise funds for his startup Homversity. He started his pitch by showcasing the issues faced by students while searching for accommodation.

He also shared details about his business model, how they are different than various competitors, and their revenue models as well. Homeversity has created a golden playbook for hostels with around 140+ parameters and a hostel needs to clear at least surpass 75% to be listed on their platform.

After the initial pitch, Homeversityโ€™s founder demanded INR 65 lakhs for 2% equity at a valuation of INR 32.5 crores.

Below are some major interactions that they had with the Sharks:

  • Anupam Mittal asked about Homeversity’s smart approach and why they call themselves a smart hostel platform.
  • Peyush Bansal said that he also worked on this business idea in his earlier days but later shut that business down.
  • Aman Gupta wanted to understand their revenue model and Saurav shared details about 3 monetization methods that they use.
  • Vineeta wanted to know about their retention but was not that impressed by Sauarav’s answer.
  • Ritesh Agarwal asked about their profitability but as per the founder, they are not yet a profitable company.

After all the discussions, Sauarav was not able to get any investment offer and had to leave without raising any funds.

Company Name Homeversity
Founders Saurav Kumar Sinha
Headquarters Ahmedabad, Gujarat
Founded Year 2022
Business Accommodation Platform
Profitability No
Shark Tank Episode Season 3 โ€“ Episode 3
Asked For INR 65 lakhs for 2% equity
Deal No Deal
Sharks Invested
Valuation Given
Website Click Here

Homversity was not able to secure any deal from Shark Tank India season 3 because of various reasons given by the Sharks.

Frequently Asked Questions About Homeversity

After their appearance on Shark Tank India Season 3, people tried to find more information about Homeversity. So here are some of the frequently asked questions about them.

1. Who Is The Founder of Homeversity?

Saurav Kumar Sinha is the founder of Homversity, a student housing platform that focuses on organizing the accommodation market.

2. Is Homeversity From Shark Tank India profitable?

No, unfortunately, Homeversity is not yet a profitable company and has a monthly burn of around 6 lakhs per month.

3. Why No Shark Invested In Homeversity?

There were various reasons why no Shark invested in Homeversity. Here are a few of them:

  • Vineeta Singh was not sure about the scalability of the business.
  • Anupam Mittal said the business will require billions of dollars to scale the business and there is a lack of clarity at present.
  • Aman Gupta left the deal because he was not interested much in this industry.
  • Peyush Bansal also left the deal because he was not interested in the business process.
  • Ritesh Agarwal suggested the founder focus on one or two cities and scale there at first.

4. What happened to Homeversity after the Shark Tank?

Homeversity was not able to secure funding from Shark Tank India but are working on their platform to scale the business.