Homeversity Shark Tank India Business Has created Housing Need Network in a very unique way as a Tech Aggregation Business. They provide the option of hostel booking to students and work professionals through their online website and tech application. Services for Tenant Housing and Food Service have also been added to their platform.
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Homeversity Business Vision
Homversity Business Vision is to present the only Hostel Booking Platform for students and youth with Managed Tech System on its Website and Application Platform.
Homeversity Founder
Homeversity Founder – Saurav Kumar Sinha
Homversity Founder Saurav Kumar Sinha has done Bachelor of Technology (B.Tech.) in Computer Science from UPES – University of Tomorrow, located in Dehradun. He has also taken Volunteering Experience in Campus Ambassador. He has completed Microsoft Technology Associate: IT Infrastructure licenses & certifications from IBM.
About Homeversity Shark Tank India Business
Homeversity Wants to redefine Student Housing Standards & Accessibility with the Business Model of a leading Tech Aggregating Solution for students and youth. The formal name of this business is Dwellerin Network Private Limited.
Through his efforts at many levels, he has made plans to provide a standardized hostel booking in the student housing industry.
Homversity – Hostel Booking Platform But services like 100% Refund On Cancellation, Zero Brokerage and No Hidden Charges are provided. On Homversity, Landlords get the facility to connect with Paperless tenant check-in & KYC.
And by getting tenant rent on time, it helps them to earn Autopilot Revenue.
Homversity Shark Tank India Business Statistics
- Homversity was started in 2017 as a college project of Dehradun.
- Homversity is present in more than 30 cities.
- More than 2200 hostels are associated with Homversity.
- More than 120k beds can be provided by Homversity.
- He did not want to onboard any hostel. 145 parameters Out of which at least 70% can join the Homversity Platform only after some key parameters are correct.
- Homversity earns commission from Bookings, SaaS App, and other services.
- Average Duration of Accommodation through Homversity Platform – 3 months.
- Homeversity Booking Sales in 2023 – 2024 ₹25 crore to ₹30 crore Has been estimated. And the booking till August of FY 2023 – 2024 has been ₹ 3 crore and the booking for September 2023 has been ₹ 1 crore.
- Homversity 2024 – Projected Revenue of 2024 is ₹5.6 Crore.
- Their conversion rate from site visit to booking is -10%.
- The expenditure of Homversity is ₹ 8 lakh, out of which ₹ 2 lakh is earned and ₹ 6 has to be burnt in cash.
Shark Judges' Investment Guidance on Homversity
Homversity Business Shark Peyush Bansal had started a business called Search My Campus, where hostels could be onboarded based on their ratings.
Advertisement was the revenue model for them and hence it did not seem to be a business solution for 10 to 15 years. Homversity has worked on it with a checklist by examining all kinds of systems beyond rating.
When Shark Anupam Mittal asked the business pitcher to explain him to use Digital and Smart, the founder told that he is building a SaaS based Market Place.
Therefore, people will be able to access many services of the hostel digitally. And it will not be just Tech Aggregation business, more services like Food and Maintenance are being added to it, hence it is also a Smart Option.
Shark Vineeta Singh gave feedback to Homversity Founder that he listens less and hence, like him, Saurav will also have difficulty in learning and understanding from others. But shark Vineeta liked his energy very much.
Moving forward on this, Shark Aman Gupta told that he is afraid of such business, like OYO or any other such business model, in which it becomes difficult to decide when the money will start making. But according to Shark Aman, due to his energy he will definitely find a way.
| Homeversity Shark Tank India Episode Number | Shark Tank India Season 3, Episode 3 |
| Homversity Shark Tank India Episode Air Date | 24 January 2023 |
| Homeversity Founder's Name | Saurav Kumar Sinha |
| Homeversity Ask in Shark Tank India | ₹65 Lakhs For 2% Equity |
| Homeversity Deal in Shark Tank India | No Deal |
| Homeversity Investors From Shark Tank India | No Deal |
| Homeversity Official Website | Homeversity |
| Homeversity Review | Homeversity Review |
| Homeversity Company Valuation | ₹32.5 Crores |
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Conclusion
Homeversity The way the business has tried to solve the needs of students and youth through Hostel Tech Aggregation like OYO Hotel Booking, it will be able to provide standard housing facility to the youth.
After watching the entire conversation, if you would like to invest in this Homversity Business or not, discuss it with reason. We will continue our efforts to educate by talking about business in simple language.