Bertelsmann India led a $10m Series B round in BASIC Home Loan.

Bertelsmann India, a private equity firm, led a $10m Series B round in BASIC Home Loan, a mortgage distribution platform, with participation from CE-Ventures, Ashish Kacholia, Gruhas, Let’s Venture, 9 Unicorns, and Venture Catalysts. “With this fresh round of funding, our focus is on expanding our reach, advancing our tech capabilities, and introducing tailored financial products to serve the evolving demands of the consumer and the ecosystem. We will be further expanding our risk-sharing FLDG (First Loss Default Guarantee) business with lenders, which will help us cater to a wider audience and offering innovative solutions to drive real impact in India’s housing ecosystem,” Atul Monga, BASIC Home Loan CEO and Co-Founder.