About BASIC Home Loan
BASIC Home Loan is a company based in Gurugram (India) founded in 2020 by Atul Monga and Kalyan Josyula.. BASIC Home Loan has raised $19.3 million across 5 funding rounds from investors including Angel List, S⁴Capital and Wellfound. BASIC Home Loan operates in a competitive market with competitors including Better Mortgage, Easiloan, Unico Housing Finance, SimplyForHomes and Hinduja Housing Finance, among others.
- Headquarter Gurugram, India
- Founders Atul Monga, Kalyan Josyula
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.3 M (USD)
in 5 rounds
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Latest Funding Round
$10.6 M (USD), Series B
Sep 30, 2024
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Investors
Angel List
& 49 more
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Employee Count
Employee Count
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Funding Insights of BASIC Home Loan
BASIC Home Loan has successfully raised a total of $19.3M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10.6 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $10.6M
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First Round
First Round
(04 Sep 2020)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - BASIC Home Loan | Valuation | Bertelsmann India Investments | |
| Jun, 2023 | Amount | Series A - BASIC Home Loan | Valuation | IIM Indore Alumni Fund , CommsCredible | |
| Apr, 2023 | Amount | Series A - BASIC Home Loan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BASIC Home Loan
BASIC Home Loan has secured backing from 50 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, S⁴Capital and Wellfound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm backed by Bertelsmann
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BASIC Home Loan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BASIC Home Loan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Basic Home Loan Comparisons
Competitors of BASIC Home Loan
BASIC Home Loan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Better Mortgage, Easiloan, Unico Housing Finance, SimplyForHomes and Hinduja Housing Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential mortgage loans are facilitated via an online marketplace.
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| domain | founded_year | HQ Location |
Personalized end-to-end home loan solutions are delivered digitally.
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| domain | founded_year | HQ Location |
Operates an online platform for mortgage loans to consumers.
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| domain | founded_year | HQ Location |
Operates a digital platform for home improvement loans.
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| domain | founded_year | HQ Location |
Diversified residential mortgage loans are offered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Basic Home Loan
Frequently Asked Questions about BASIC Home Loan
When was BASIC Home Loan founded?
BASIC Home Loan was founded in 2020.
Where is BASIC Home Loan located?
BASIC Home Loan is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of BASIC Home Loan?
Atul Monga is the current CEO of BASIC Home Loan. They have also founded this company.
Is BASIC Home Loan a funded company?
BASIC Home Loan is a funded company, having raised a total of $19.3M across 5 funding rounds to date.
What does BASIC Home Loan do?
BASIC Home Loan was founded in 2020 in Gurugram, India, as a fintech platform in the home financing sector. Operations focus on comparing loan products, facilitating home loans, balance transfers, and property-backed loans. Services include eligibility assessments, EMI computations, application tracking, documentation guidance, and connections to lending partners through agent assistance. The platform supports users throughout the loan process in the Indian market.
Who are the top competitors of BASIC Home Loan?
BASIC Home Loan's top competitors include Better Mortgage, Easiloan and SimplyForHomes.
Who are BASIC Home Loan's investors?
BASIC Home Loan has 50 investors. Key investors include Angel List, S⁴Capital, Wellfound, Venture Catalysts, and LetsVenture.
What is BASIC Home Loan's valuation?
The valuation of BASIC Home Loan is $44.33M as of Sep 2024.
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