BASIC Home Loan raises $10.6M in Series B funding for market expansion, lending portfolio development, and technology improvements.

BASIC Home Loan, a Gurugram-based mortgage platform, has raised $10.6 million in Series B funding led by Bertelsmann India Investments and CE-Ventures. The funds will support market expansion, the development of its lending portfolio, and technological improvements. Since its 2020 launch, the platform has helped nearly 250,000 families secure homes, processing over $12 billion in loan applications and disbursing $1.1 billion in loans.

September 30, 2024
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