EaseMyTrip co-founder Prashant Pitti’s Optimo Capital raises Rs 150 crore in equity funding

Optimo Capital, the fintech non-banking financial company (NBFC) founded by EaseMyTrip co-founder Prashant Pitti, has raised Rs 150 crore ($17.5 million) in an equity round led by Pitti himself, with participation from existing backers Blume Ventures and Omnivore.

The Bengaluru-based firm also secured Rs 110 crore in debt from IDFC First Bank and Axis Bank and is in talks with public-sector banks and large NBFCs for co-lending partnerships.

Founded 18 months ago, Optimo focuses on digital loans against property (LAP) for small-business owners and self-employed borrowers who own real estate but have limited credit history. The firm claims to have built a Rs 350 crore loan book and operates across 56 cities in Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh, employing about 480 people.

Pitti said the fresh capital will strengthen Optimo’s technology infrastructure, AI systems, and geographic expansion into tier-III markets. The firm expects to close the current fiscal year with a loan book of Rs 650-700 crore.

It disburses Rs 50-70 crore a month, with average ticket sizes between Rs 10 lakh and Rs 1 crore, and maintains gross NPAs at 0.6%, compared with an industry average of about 2%. Loans are typically offered at a loan-to-value ratio of 43%, providing borrowers access to higher amounts at lower rates than unsecured credit.

Pitti, who stepped down as EaseMyTrip’s managing director in August while remaining a promoter, said India’s mortgage-to-GDP ratio of 9% underscores the untapped potential of property-backed lending.

Reihem Roy, partner at Omnivore, described the mid-ticket LAP segment as a Rs 22 lakh crore opportunity, only 28% of which is currently served. “Optimo’s tech-first model is well positioned to bridge that gap,” he said.