Basic Home Loan, make home loans faster, stress-free & BASIC has secured $10.6 million (Rs 87.5 crore) in its Series B round led by Bertelsmann India Investments (BII), along with CE-Ventures.
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Existing investor Ashish Kacholia invested further and increased his stake in BASIC. The round also saw participation from existing investors, including Gruhas, Let’s Venture, 9Unicorns, and Venture Catalysts.
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BASIC Home Loan is a fintech company, developing an automated platform for home lending in India. The company is building India’s largest online brokerage for mortgages, revolutionizing affordable home loans using a Phygital approach in tier 2, and 3 cities in India.
The adoption of new technologies has changed everything how we live our lives. From ordering food to booking a cab to banking, there always seems to be an app for that. However, from a borrower’s perspective, the home loan process remains the most time-consuming and tedious job, requiring them to be physically present at a bank branch.
At BASIC, we want to empower consumers with technology, simplify the process of home buying, and bring financial stability to the lives of families in India. We are here to digitize and automate the home loan origination, documentation, customer verification, and disbursement process from the comfort of their homes.
About Basic Home Loan
Founded in 2020 by Atul Monga and Kalyan Josyula, Basic Home Loan is Revolutionizing the Home Loan Experience for Middle India. It is committed to improving the journey of home loans for every family, making it faster, simpler, and more pleasant.
