Khaitan & Co Advised Bertelsmann India Investments On Its Investment In Basic Enterprises
Khaitan & Co Advised Bertelsmann India Investments On Its Investment In Basic Enterprises
Khaitan & Co advised Bertelsmann India Investments (BII) on its investment in Basic Enterprises Private Limited, along with CE Ventures Limited and other existing shareholders, including Mr. Ashish Ramesh Kacholia, S Four Capital, and LV Angel Fund, for a total investment amount of approximately USD 10 million.
The investment was led by Bertelsmann India Investments (BII), the strategic investment arm of the German conglomerate Bertelsmann SE & Co. KGaA, in collaboration with CE Ventures, the venture capital platform of Crescent Enterprises, a leading global, diversified business headquartered in the UAE.
Basic Enterprises Private Limited (Basic Home Loans) is a private limited company that provides services related to home loans and loans against property to users and borrowers through its mobile platform and website, leveraging arrangements with banks, non-banking financial companies, and housing finance companies. Basic Home Loan plans to utilize the newly raised funds to expand its market presence, build its own lending book, and enhance its technological capabilities. The Gurugram-headquartered fintech startup has previously raised $8.7 million across three funding rounds.
Khaitan & Co's role included conducting legal due diligence on the company, advising on its business model, drafting, negotiating, and finalizing transaction documents, as well as assisting with the execution and closing of the transaction.
The core transaction team at Khaitan & Co comprised Partner Bharat Anand, Partner Nidhi Killawala, Principal Associate Ayushi Mishra, and Associate Gracy Bindra, with support from Senior Associate Shatakshi Gupta on closing-related aspects.
Partner Sanjay Khan Nagra and Principal Associate Pritish Mishra advised on the regulatory aspects of the transaction, while Partner Nirupam Lodha, Principal Associate Shivangi Narang, and Associate Toshani Mukherjee provided guidance on the intellectual property aspects.
