Happy to announce another successful deal closure for us! ??
Dexter Capital Advisors was the exclusive transaction advisor to BASIC Home Loan for its $10.6mn Series B round.
But, what adds big loads of delight are three facts:
1> The founder, Atul was a part of our team. It feels really good to see our alum going on to achieve great outcomes in the startup world as an entrepreneur
2> Our fund (Dexter Ventures) is already invested in BASIC. Thus, the deal closure brings a greater sense of validation for the broader Dexter group
3> We were also the exclusive advisor to BASIC for its previous round
We at Dexter love to work with clients over and over again. In the past we have done with DeHaat, Pickrr, Frubon (Dev Milk Foods Pvt. Ltd.) etc, and BASIC is a proud addition to the list.
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About the deal:
The $10.6mn round was led by Bertelsmann India Investments.
And, it also saw renowned Ashish Kacholia Ji double down on Atul and his team in building BASIC bigger.
Meanwhile, Dubai-based Crescent Enterprises' VC arm CE Ventures also joined BASIC's captable in this round.
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About BASIC:
Since founding BASIC in 2020, he has come a long way.
It has built a robust network of 15k+ agents who have helped it process loans worth a whopping $12bn+ to customers spread across 650+ districts across 30+ cities.
Just imagine the impact created in a very short span - a clear testament to the team’s grounded execution chops.
Thus, needless to say - Working with and for BASIC has been a great learning experience for us at Dexter as well.
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Welcome to Team BASIC - Pankaj Makkar, Rohit Sood, Keshav Bagri, Ayushi G., Jayesh Bavle, Tejas Bode and Sudarshan Pareek.
Gratitude to existing investors for their support - Gruhas , Venture Catalysts++ | India's 1st Multi-Stage VC, 100Unicorns, LetsVenture, IIM Indore Alumni Angel Fund, Picus Capital. And a special thanks to Anuradha, Kalyan Josyula, Vansh Oberoi, Dr. Apoorva Ranjan Sharma, Rahul Joshi and Oliver Heinrich.
Also, thanks to the legal advisors from VERTICES PARTNERS (Vinayak Burman, Vikrant Anand, Nishant Singh) and Khaitan & Co (Ayushi Mishra).
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That said, a special mention to Rishabh, Udit and their team which went all out to ensure a successful closure here.
And of course, kudos to all other team members who deliver so strongly for us, every passing day - Gaurav, Varun and all others.
PS: We are always on the look for opportunities to work with such good founders and companies. Thus, if you think we can be of help, do reach out to me at devendra[dot]agrawal@dextercapital[dot]in :)
Best,
Devendra
It's an honor to work with Newzip!