Tech
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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