BASIC Home Loan, a Gurugram-based fintech startup, has raised $3.5 million in a Series A round of funding led by Venture Catalysts (VCats) and Gruhas Proptech, an investment platform of Zerodha Founder Nikhil Kamath and Abhijeet Pai of Puzzolana Group.
Others who participated in this round include Earlsfield Capital and Good Capital, along with existing investor Picus Capital. There were also investments from angels and family offices which include Haldiram’s, LetsVenture syndicate.
The fintech startup BASIC Home Loan plans to achieve a monthly loan disbursal run rate of Rs 200 crore and hire over 300 people by March 2022.
