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Optimo Capital raised $17.5 million to expand its real estate-backed lending platform in India.
Optimo Capital, a property-backed lending platform in India, has raised Rs 150 crore ($17.5 million) in a Series-A funding round led by founder Prashant Pitti, with participation from Blume Ventures and impact investor Omnivore.
The capital will support the company’s expansion in offering real estate-secured loans to individuals and businesses, aiming to improve access to liquidity.
The round reflects continued investor confidence in Optimo’s model and its potential to transform the Indian lending market.
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Optimo Capital recaudó $17.5 millones para expandir su plataforma de préstamos respaldada por bienes raíces en la India.