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

Optimo Capital, a digital loan against property (LAP) fintech NBFC founded by EaseMyTrip co-founder Prashant Pitti, has raised Rs 150 crore ($17.5 million) in its Series A round led by Pitti, with participation from existing investors Blume Ventures and Omnivore.

The firm has also raised Rs 110 crore in debt from IDFC and Axis Bank, with additional PSU banks and NBFC co-lending partnerships expected, Optimo said in a press release.

The company plans to use the funds to expand technology systems, AI infrastructure, co-lending arrangements, and coverage…