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BASIC Home Loan

Basic Home Loan is a fintech company that aims to digitise the home loans process and increase affordable loans penetration for mid-and low-income households in India.
Consumer,  Financial Services,  Real Estate,  FinTech  
Basic Information
Founded in 2020, Basic Home Loan is a fintech company, developing an automated platform for home loans in India. It aims to provide consumers with end-to-end fulfilment, through easy-to-use technology for faster loan disbursements. The company's vision is to change the way Bharat finances its affordable homes. It has also focused on a phygital approach to create a network of agents who utilize their technology in handholding consumers, from 'research' to 'final disbursement' of home loans.
Legal Name
:
BASIC Enterprises Private Limited
Headquarters
:
Gurugram, Haryana, India
Business Model
:
B2C,  B2B2C  
Founding Date
:
2020
No. of Employees
:
21 to 40
Core Team
:
1.  
Atul Monga
Co-Founder
2.  
Kalyan Josyula
Co-Founder
3.  
Pranav Khattar
Co-Founder & Director
Revenue Stream
Commission on transaction
Lending
Licensing
Funding

Total Funding

$8.7M

Investors
:
1.  
Ashish Kacholia
2.  
Gruhas Proptech
3.  
Venture Catalysts
4.  
Picus Capital

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Detail Round Breakdown
Round 1

$3.5M

Series Name
:
SERIES-A
Date
:
25th Nov 2021
Investors
:
1.  
Venture Catalysts
2.  
Gruhas Proptech
3.  
Picus Capital
4.  
LetsVenture

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Features

[Funding alert] BASIC Home Loan raises $3.5M led by Venture Catalysts, Gruhas Proptech

[Funding alert] BASIC Home Loan raises $500K in seed round from Picus Capital

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[Funding alert] BASIC Home Loan raises $3.5M led by Venture Catalysts, Gruhas Proptech

[Funding alert] BASIC Home Loan raises $500K in seed round from Picus Capital

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[Funding alert] BASIC Home Loan raises $3.5M led by Venture Catalysts, Gruhas Proptech

[Funding alert] BASIC Home Loan raises $500K in seed round from Picus Capital

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