EaseMyTrip cofounder Prashant Pitti’s Optimo Capital raises Rs 150 Cr in Series A round

Digital lending platform Optimo Capital has raised Rs 150 crore in a Series A round led by its founder Prashant Pitti, who also co-founded easemytrip, with participation from existing investors Blume Ventures and Omnivore.

The Bengaluru-based fintech NBFC, specializing in digital loans against property (LAP), has also secured Rs 110 crore in debt from IDFC First Bank and Axis Bank. It is further in discussions with several PSU banks and large NBFCs to establish co-lending partnerships.

The new funds will be used to enhance the fintech’s technology infrastructure, strengthen its AI systems, and expand into tier-III markets.

Prashant Pitti, who stepped down as Managing Director of EaseMyTrip in August, was succeeded by his brother, Nishant Pitti.

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Optimo Capital has built a Rs 350 crore loan book and operates in 56 cities across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh with a 480-member team. The company expects to close this fiscal year with a loan book of Rs 650–700 crore, said founder Prashant Pitti.

Launched just 18 months ago, Optimo claims to have around 2,500 customers and became profitable within three months, maintaining profitability since.

Pitti said the company aims to unlock the potential of India’s largest asset class—land and property—to fuel growth. “India’s mortgage-to-GDP ratio is just 9%, compared to around 50% in developed economies. The biggest assets in our country are in the form of land and property,” he added.

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Pitti added that demand for property-backed loans is rising as access to unsecured credit tightens. “A couple of years ago, there was an easy supply of unsecured business loans and personal loans. That supply has vanished,” he noted. “Someone who needs Rs 20-25 lakh now often gets lowballed to Rs 2 lakh as an unsecured business loan, even if it comes. Which is why these business owners understand that their biggest asset is their shop or house.”

Optimo Capital currently disburses Rs 50–70 crore in loans each month, with an average ticket size ranging from Rs 10 lakh to Rs 1 crore. The company maintains gross NPAs at just 0.6%, compared with the industry average of around 2%, according to Pitti.

Loans against property (LAPs) are gaining popularity among SMEs and self-employed individuals who own property but lack formal credit histories. These borrowers can use property as collateral to access larger loans at lower interest rates than unsecured options.

Optimo lends at a loan-to-value (LTV) ratio of 43%, offering loans worth 43% of a property’s assessed value. The segment is expected to grow as fintech players increasingly use digital land records and AI-based valuation tools to speed up approvals and disbursals.

Optimo’s tech platform taps into 7.7 million+ digital land records and leverages AI valuation models to issue in-principle approvals within hours and complete disbursals in under a week.

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