# Basic Enterprises Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basic-enterprises-pvt

- Industry: Financial Services
- Headquarters: Gurgaon, India
- Website: www.basichomeloan.com
- Total disclosed funding: $14M
- Latest round: Series B (Sep 30, 2024)
- Investors on record: 14

## About

Based in India, Basic Enterprises Pvt Ltd specializes in fintech solutions focused on home loans, aiming to enhance the lending process through technology and customer-centric services.Basic Enterprises Pvt Ltd, founded in 2020 in Gurgaon, India, operates in the fintech sector offering home loan solutions. The company has completed 4 deals, with its latest being a Series B funding round on September 30, 2024, led by Bertelsmann India Investments, alongside contributions from Crescent Enterprises Venture Capital and other returning investors. The founders, Atul Monga and Kalyan Josyula, have established a strong foundation in the financial services industry, leveraging their expertise to guide the company's growth.Basic Home Loan provides a comprehensive platform for home financing, offering products such as home loans, loan transfers, and loans against property. The services allow users to compare offers from over 100 lenders to secure favorable interest rates tailored to their financial needs. The company emphasizes a paperless application process, supported by dedicated agents to assist clients throughout the documentation and loan tracking phases, primarily serving consumers across India, including first-time homebuyers and those seeking refinancing.In the most recent year of 2023, Basic Enterprises Pvt Ltd reported revenue of INR 4,060,081.50 and an EBITDA of INR -1,314,513.10. The company generates revenue through fees related to loan processing and potentially commissions from lending partners for successful loan disbursements, operating primarily in a B2C model.On September 30, 2024, Basic Enterprises Pvt Ltd raised INR 87.5 crore in Series B funding, aimed at enhancing its technological capabilities, expanding market presence, and growing its lending portfolio. This funding, led by Bertelsmann India Investments and supported by other investors, will facilitate the launch of new products and the potential expansion into additional markets, with specific geographic targets to be defined as part of their strategic growth initiatives.

## Funding rounds

- Series B, Sep 30, 2024, $10M — Bertelsmann India Investments, Venture Catalysts, Picus Capital, Z Nation Lab, LVX, Crescent Enterprises Venture Capital, 100Unicorns, Gruhas Proptech, S Four Capital
- Series A, Nov 1, 2021, $3.3M — Earlsfield Capital, Venture Catalysts, Picus Capital, Z Nation Lab, LVX, Good Capital, Haldiram Family Office, Hauz Khas Ventures, Gruhas Proptech, Vevek Ventures
- Seed, Sep 4, 2020, $0.5M — Picus Capital

## Investors

- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Seed, Series A, Series B
- Earlsfield Capital (https://capitalatlas.ai/funds/earlsfield-capital) — Series A
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Series A, Series B
- Z Nation Lab (https://capitalatlas.ai/funds/z-nation-lab) — Series A, Series B
- LVX (https://capitalatlas.ai/funds/lvx) — Series A, Series B
- Good Capital — Series A
- Haldiram Family Office — Series A
- Hauz Khas Ventures — Series A
- Gruhas Proptech (https://capitalatlas.ai/funds/gruhas-proptech) — Series A, Series B
- Vevek Ventures — Series A
- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series B
- Crescent Enterprises Venture Capital (https://capitalatlas.ai/funds/crescent-enterprises-venture-capital) — Series B
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Series B
- S Four Capital — Series B