HomeCapital gets funds from Venture Catalysts

NEW DELHI: Funding and incubation platform Venture Catalysts has facilitated an undisclosed amount of seed investment in fintech startup HomeCapital, which is focussed on providing down payment assistance to first time home buyers.

The funding was led by VCats angels Anuj Golecha, Apoorv Ranjan Sharma, Gaurav Gandhi and others. Venture Catalysts typically invests in ticket sizes varying between $100,000 and $500, 000 in very early-stage startups.

Some of the startups backed by the platform include grocery delivery startup Supr Daily and campsite aggregator Deyor Camp. Founded by IIM Calcuta alumnus Lalit Menghani, HomeCapital caters to the market segment of first time home buyers through an innovative financial structuring that assists them in down payment at zero percent interest rate.

In order to scale up pan India, the startup has started deliberations and partnerships with leading financial institutions and housing finance companies. The startup plans to use the funds raised to develop its brand, scale up its current infrastructure and enhance its product.