EaseMyTrip cofounder Prashant Pitti’s NBFC Optimo Capital raises Rs 150 crore in equity funding

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EaseMyTrip cofounder Prashant Pitti’s second venture, Optimo Capital, has raised Rs 150 crore ($17.5 million) in an equity funding round led by Pitti himself, with existing investors Blume Ventures and Omnivore participating.

The Bengaluru-based fintech NBFC, which focuses on digital loans against property (LAP), has also raised Rs 110 crore in debt from IDFC First Bank and Axis Bank, and is in talks with several PSU banks and large NBFCs for co-lending partnerships.

The fresh funds will be used to scale up the fintech startup’s technology…



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EaseMyTrip cofounder Prashant Pitti’s NBFC Optimo Capital raises Rs 150 crore in equity funding



EaseMyTrip cofounder Prashant Pitti’s second venture, Optimo Capital, has raised Rs 150 crore ($17.5 million) in an equity funding round led by Pitti himself, with existing investors Blume Ventures and Omnivore participating.

The Bengaluru-based fintech NBFC, which focuses on digital loans against property (LAP), has also raised Rs 110 crore in debt from IDFC First Bank and Axis Bank, and is in talks with several PSU banks and large NBFCs for co-lending partnerships.

The fresh funds will be used to scale up the fintech startup’s technology…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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