CREDAI partners with HOMEVILLE making its first ever investment under the Startup Engagement program, invites more startups & ecosystem partners related to real estate sector

CREDAI has invested an undisclosed amount into housing fintech startup Homeville, as part of its new $7 Million fundraise. Homeville is building a housing credit enablement network through its technology-driven platforms under the name of Homecapital, Bharat Housing Network (BHN), and HomeNxt accelerate housing and create a massive social impact in Indian market. "CREDAI has opened an untapped market across its developer network for us. We are excited to work closely with CREDAI to build deep financial technology and credit assistance platforms to accelerate housing. We pioneered India's first down payment assistance programme to accelerate housing for first-time home buyers with Homecapital. With our digital mortgage product and co-lending platform for affordable home finance, we are deepening our commitment to India's housing finance ecosystem” said Lalit Menghani, cofounder at Homeville “Founders of Homeville come from a decade long career in real estate financing, private equity and banking. They understand the Indian Housing Market very well and are poised to make a sizable impact in it. Homecapital alone has already enabled $200M of sales inventory for their developer partners in the last two years.” said Nisarg Shah, Head of Startup Committee for CREDAI.

“The agenda of launching the Startup Engagement program was to support new-age entrepreneurs trying to bring innovation in real estate practices. These companies are using novel technologies to revolutionize traditional processes and create convenience and better experience for the stakeholders. Beyond investment, we are also launching some more initiatives to increase engagement between the startups and developers” said Harsh Vardhan Patodia, National President for CREDAI

“CREDAI is a 12000+ member community of real estate developers across pan India. We bring a lot of strategic value along with capital and are uniquely positioned to help the startup, when we become a stakeholder. We invite all the entrepreneurs who are revolutionizing any real estate segment and also invite other ecosystem stakeholders to partner with us. We can be reached at investments@credai.org” added Abhishek Bhatewara, National Conveyor for CREDAI Youth Wing, which facilitated the transaction under CREDAI