Optimo Capital Raises Rs 150 Crore Series A to Expand Digital Property Lending Across India

Optimo Capital, an Indian fintech-NBFC specializing in digital loans against property (LAP), has raised Rs 150 crore (approximately $17.5 million) in a Series A funding round led by founder Prashant Pitti, along with existing investors Blume Ventures and Omnivore. The company also secured nearly Rs 110 crore in debt funding from IDFC Bank and Axis Bank and is in talks with PSU banks and other NBFCs for co-lending partnerships. Optimo leverages AI and 7.7 million digital land records to swiftly conduct property valuations and offer in-principle loan approvals within hours, enabling loan disbursals in under a week, which is significantly faster than traditional lenders. The startup targets 4.8 crore small-business owners in India, many lacking formal credit histories but owning valuable property, aiming to bridge the large credit gap in the Indian financial ecosystem by expanding into tier-3 cities and increasing its branch network. Since its inception 18 months ago, Optimo has built a loan book of Rs 350 crore, opened 56 branches across five states, and maintained profitability for over 15 months. The fresh capital will be used to strengthen technology infrastructure, especially AI capabilities, expand geographically, and develop co-lending partnerships, positioning Optimo as a key player in India's underpenetrated secured lending market.