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Homversity to expand in 100+cities and new segments

By Viestories
New Update
Homversity was started as a college project and went on to become one of the fastest-growing start-ups in the industry. Homversity aims to digitize and organize the searching, booking and management
Saurav Kumar Sinha, Founder & CEO at Homversity

Education sector in India is booming with a buoyant number of young students, around 35 million, enrolling themselves in more than 50,000 universities and colleges. Most of these students are unable to get accommodations in college hostels or dormitories which are already less in number. Only solution for these students are PG and private accommodations.

Often, it becomes a herculean task to get a safe and comfortable hostel room. Students, searching for proper hostel rooms are part of an unorganized market which are dominated by inefficient and irregular brokers and estate agents.

There was latent demand in market for a service to help students, working professionals and PG hunters. This untapped market captivated the imagination of Saurav Kumar Sinha who ended up founding Homversity. Homversity was started as a college project and went on to become one of the fastest-growing start-ups in the industry. Homversity aims to digitize and organize the searching, booking and management of hostels/PGs/and other forms of rental accommodation.

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Homversity, is India’s most reliable, data-driven and verified platform catering needs of lakhs of students, real estate agents and PG owners. Backed by business intelligence, AI and analytics, it provides a listing of hostels, PG rooms, live-in accommodations, etc. as per the need and requirements of Students.

The company provides accurate and updated information which is verified by a strong team of experts. Homversity is a one-shop-stop medium, through which one can search and book hostel rooms or PG conveniently that too with best prices, no brokerage, and no hidden charges.

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Homversity to expand in 100+cities and new segments

The ability to provide end-to-end services have helped company to grow at a rapid pace. With monthly booking of 2 lakhs per month in Jan 2022, within a span of 6 months, it has catapulted itself to around2 Crore in monthly booking by July 2022. This exponential growth has allowed the company to build a strong base for its future growth. It has also helped thousands of Private hostels, home, and PG Owners to engage with right mix of customers they want to connect.

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Homversity began its services by catering to a few Tier 1 cities. Now it has spread its operations and gets business from cities like Kota, Dehradun, Ahmedabad, Indore, Bengaluru, Delhi & NCR which are part of an ever-increasing list of cities in its portfolio. Handling diverse sets of customers in different regions has allowed Homversity to deepen its understanding of markets that has enhanced its stability.

Homversity has received multiple rounds of funding from elite investment firms and HNIs. A strong customer base and series of funding has provided it a much-needed fuel to capture new markets. Its ambitious target to expand to more than 100+ cities and 5 lakh beds doesn’t seem to be difficult task now. It is investing in technology to make its services more scalable, targeted, and efficient. The platform’s offering will be improved with new a property management suite, and several data-driven solutions which will provide a richer experience to its customer base. With focus on design and product development, Homversity intends to offer more value-added services in near future.

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About Homversity

The digital ecosystem known as Homversity promises to serve India's $93 billion student housing and co-living market. They intend to revolutionise and perfect the market for student housing.

Frequently asked questions (FAQs)

What is Homversity?
Homversity was started as a college project and went on to become one of the fastest-growing start-ups in the industry. Homversity aims to digitize and organize the searching, booking and management of hostels/PGs/and other forms of rental accommodation.
Who is the founder of Homversity?
Saurav Kumar Sinha is the founder of Homversity.
When was the last funding round for Homversity?
Homversity has received multiple rounds of funding from elite investment firms and HNIs.

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Hyderabad-Based Petfolk Converted Personal Frustration Into ₹35Cr. Worth Business.

Petfolk is a pet service company that generates ₹15000 to 20000 every day. This story is about a man who converted his frustration into ₹35Cr. worth business and now aiming to reach out ₹2000 Cr. worth of enterprise in the next decade.

By Saroj Kumawat
New Update
petfolk

Hyderabad-based Petfolk was launched by Laxmikanth Puducherri. This pet service company generates ₹15000 to 20000 every day. This story is about a man who converted his frustration into business and also dealt with financial challenges in the initial days of his startup but never gave up. The story of this man shows that keep your focus on the solution.

Laxmikanth Puducherri – Petfolk:

Meet an inspiring entrepreneur, Laxmikanth Puducherri, the founder and CEO of Petfolk. This man is not only a pet lover but also passionate about technology. Today, Laxmikanth has built a ₹35 Cr. worth business, combining his passion with technology and now shaping the future of pet wellness. 

Why Petfolk?

Laxmikanth and his wife both are pet lovers. This was the time when they had two pets. As pet parents both Laxmikanth and his wife were managing various tasks of their pets, including attending vet appointments, buying food, handling daily needs and overall taking care of their pets.

However they were enjoying these responsibilities, but it was time-consuming in their busy schedule. Due to this overwhelming, both pet parents struggled to manage their time. This experience made them realise that there would be more people who were dealing with the same problem.

Despite ignoring the issue, they both were focusing on solutions and were determined to fill this gap. Their commitment led them to discover a better solution to simplify petcare. This is how Petfolk was born.

Petfolk- Solution:

Headquartered in Hyderabad, in April 2022, Laxmikanth Puducherri launched his startup, Petfolk, a pet service company.

Petfolk is a one-stop solution that connects pet parents with pet services through their app. But soon, during their service, Laxmikanth and his team identified a gap in the pet care market. This was the turning point in their business, which led them to new heights of success.

Petfolk Turning Point: 

Initially, Petfolk was just an aggregator app to connect customers with pet service providers.

But soon, Laxmikanth and his team discovered a gap in the pet care market. They noticed that due to being independent service providers, they were not consistently meeting the high expectations of pet owners.

To fill this gap, Laxmikanth and his team created a solution. The solution was to convert their business model from an aggregator model to a direct service provider.

This initiative led them to mobile pet grooming, where they provided grooming services to customers at their doorstep.

Now Petfolk created modern mobile grooming vans called the "Chalta Firta Pet Ecosystem." These vans are designed with unique features, such as switchable glass panels, allowing pet owners to watch the grooming procedure in progress. 

Why did Pelfolk choose Bikes?

A lot of pet owners in Hyderabad loved Petfolk's mobile grooming service. However, they faced difficulties, such as road jams, which made it challenging to deliver service on time. In order to address this issue, they started using grooming bikes, which are smaller and faster, to ensure that pets still receive the same high-quality care.

Petfolk: Reaching New Heights:

After this initiative, Petfolk started booming and has expanded into pet apparel, food, and insurance plans. Today, they take care of more than 40,000 pets, between 2000 and 3000 of those repeat customers.

Furthermore, Petfolk established a grooming institute to address the lack of qualified pets, providing its employees with professional training and certification to uphold high service standards.  

The Challenging Journey of Petfolk:

Petfolk had a hard time in the beginning because, around the first 6 to 9 months, the Petfolk had no revenue. But Laxmikanth didn't lose his hope and started identifing the gap and soon began focusing on solutions, reinvesting approx ₹1Cr. in business.

The best part of his story is that he never left the situation as it is whereas always tried to find the solution as soon as possible. However, his efforts paid off, and now this company generates ₹15,000 and 2,0000 every day.

Petfolk Future Strategies:

With plans for Mumbai, Goa and Visakhapatnam facilities and new branches opening in Rajahmundry, Petfolk is growing after its success in Hyderabad. They want to improve accessibility in urban and rural areas by partnering with local authorities to set up grooming hubs in public places. They plan to achieve a target of ₹2000 Cr over the next 10 years.

Hat's off to Laxmikanth Puducherry, who Saw every challenge as an opportunity and converted it into ₹35 Cr. Worth business.

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