ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Small Business News

This startup which offers home down payment, bags pre-series A funding - A boost to first-time homebuyers

HomeCapital raised an undisclosed amount from key investors like the VCats, , Anand Piramal, Astarc Ventures and others.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
This startup which offers home down payment, bags pre-series A funding - A boost to first-time homebuyers
HomeCapital began with the objective that everyone should have an opportunity to buy a house at an early stage in life. Photo: Pixabay

One of the milestones in every individual's life is buying a house or real estate. Yet, down payment savings poses as the biggest obstacle when it comes to buying ones dream home. HomeCapital, a start up, is a technology platform that designed India's first down payment assistance programme wherein they aim to provide interest free down payment assistance to home buyers. The startup concluded its first seed funding, raising an undisclosed amount. 

The pre- series A funding round was led by Astarc Ventures, with participation from Venture Catalysts, Anand Piramal of the Piramal Group, Singapore Angel Network, Venture Gurukool, Anuj Golecha, Samyakth Capital, Gaurav Gandhi of Essgee group, and Shalin Shah, a renowned Coinbase seed investor.  

Post the investment round, HomeCapital Founder Lalit Menghani said, “We have achieved a very strong business validation for the network based home down payment assistance business model for solving the key problem for first time home buyers. We will continue to build the network exponentially and accelerate the housing sector”.

Hari Krishnan, Fund Manager, Astarc Ventures said “Home ownership has been a deep routed aspiration for all Indians and Homecapital solves a very deep problem for prospective home buyers. We are very excited about vertical based financial lending opportunities and Home Capital is a perfect mixture of great time and large opportunity “  

HomeCapital began with the objective that everyone should have an opportunity to buy a house at an early stage in life. They believe that buying ones first house early has a compounding wealth effect, increased social security for home buyers and happier lives.

There are very few private companies that address the challenge of housing availability and HomeCapital's initiative reduces the customer acquisition costs for real estate developers, better loan to value ratios for home loan companies and zero-interest burden for home buyers.

The startup has assisted around 500 families in the last 8 months of its operations. The company aims to help accelerate the $100 bn housing industry which is poised to reach approximately $500 bn by 2025.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Startupshome buyers
Written By: ZeeBiz WebTeam
Updated: Thu, Feb 28, 2019
06:30 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Bengal trade body organises startup funding pitch event Bengal trade body organises startup funding pitch event
Startup 20 group to holds its inception meeting in Hyderabad on Jan 28 Startup 20 group to holds its inception meeting in Hyderabad on Jan 28
Doorstep fuel delivery startup FuelBuddy raises $20 million Doorstep fuel delivery startup FuelBuddy raises $20 million
Govt increases remunerations of IP facilitators for startups Govt increases remunerations of IP facilitators for startups
Indian startup funding dropped by 33%, may become normal after 2-3 quarters Indian startup funding dropped by 33%, may become normal after 2-3 quarters

LATEST NEWS

Hindenburg Impact: Bankers on Adani Enterprises’ Rs 20,000 cr FPO consider delay, price cut after rout - Report

Pathaan box office collection: Shah Rukh Khan-starrer breaks all records — Check collection figures of SRK's last 5 films

UPSC Recruitment 2023: Apply for Marketing Specialist, other posts at upsc.gov.in - Check important dates, vacancies, and fees | Full detail here

BPSC 68th admit card 2023 released at bpsc.bih.nic.in - Check exam date, steps to download, marking scheme, other details here

Gigabyte G5 GE Review: An efficient, budget gaming laptop for new gamers!

Hinduja Global Shares Buyback: HGSL approves buyback at Rs 1,700 per share — Check record date

Q3 Results 2023: Vedanta net drops 41%, Patanjali Foods PAT up 15% - HIGHLIGHTS

Last full budget ahead of 2024 general polls: Will Budget 2023 be populous or pragmatic? Experts explain

Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

Google may release Pixel Tablet Pro with Tensor G2 chip

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV