Copyright startuppedia
"Digital lending platform Optimo Capital has raised Rs 150 crore in a Series A equity funding round led by founder Prashant Pitti, who is also the co-founder of EaseMyTrip, alongside existing investors Blume Ventures and Omnivore.Advertisment Pitti resigned as Managing Director of EaseMyTrip in August 2025 and is now leading Optimo"s push into the secured lending space. The company operates as a fintech-NBFC specialising in digital loans against property (LAP) and noted in the release that it has quickly expanded since its inception 18 months ago, building a Rs 350 crore loan book and opening 56 branches across five states in India. Additionally, Optimo raised Rs 110 crore in debt from IDFC and Axis Bank. The company plans to use the new capital to build its technology and AI infrastructure, develop co-lending partnerships, and extend its reach across Tier III cities. About Optimo Capital The startup targets India"s roughly 4.8 crore small-business owners, most of whom lack formal credit histories despite owning valuable property. Optimo uses digital land records and AI-based valuation tools to offer “in-principle” loan approvals within hours and disbursals in under a week. Using 77 lac digital land records & AI-driven processes, Optimo does property valuation and title verification quickly and provides in-principle approvals within hours & loan disbursals in under a week, something that traditionally takes 4 to 6 weeks. In just 18 months, Optimo has built a ₹350 crore loan book and opened branches in 56 cities in Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh with a team of 480. The company became profitable within three months of inception and has stayed profitable for over 15 months, a rare milestone in the fintech lending space. "Optimo is unlocking India"s biggest asset (53% of nation's wealth), its land & property, by allowing property-owners to quickly get secured-loans by WhatsApping at 7996.796.796", said Prashant Pitti, Founder & MD. “India"s Mortgage-to-GDP ratio is just 9% versus above 50% in developed economies, clearly we are not utilising our biggest wealth to grow our GDP faster.” Ashish Fafadia, Partner at Blume Ventures, added that, “Prashant"s leadership and disciplined execution are rare in financial services. Optimo is building the blueprint for higher-amount & affordable loans backed by property, the future of secured lending in India.” Reihem Roy, Partner at Omnivore, remarked, “The mid-ticket LAP market is a ₹22 lakh crore opportunity, and only 28% is being met today. Optimo"s tech-first model is perfectly timed to fill that gap.” Also read: 29-YO Indian man Anilkumar Bolla picks mom"s birthday as UAE Lottery number, wins Rs 240 Cr jackpot (startuppedia.in) "
