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Gurugram's BASIC Home Loan raises $500K seed funding from Germany's Picus Capital

26 October 2020, 10:52 pm

Gurugram, Haryana-based BASIC Home Loan, on Monday raised a $500,000 in a seed funding round from Picus Capital, a German early-stage technology investment firm.

Founded this year itself by Atul Monga (CEO), Kalyan Josyula and Pranav Khattar, who possess experience in building ventures in the fintech space, and have worked with companies such as Policybazaar, Ola, Lazada, Credit Suisse, HDFC Life, and Wadi.com.

BASIC Home Loan through its automated solution, aims to increase affordable loans penetration for mid-and low-income households in India.

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