Home loan startup Easy Home Finance has recently raised funding of around $35 million i.e. around Rs 30 crores. This funding has been raised under the Series B round, which was led by Claypond Capital. The funding shows the growing confidence of investors in the housing finance segment.
Existing investors like Xponentia Capital, Harbourfront Capital and Pegasus India Evolving Opportunities Fund have also participated in this funding round. The company’s managing director Rohit Chokhani said that the company will use this fund in asset book building. Also, they will be used to achieve the target of assets worth $300 million in the next 24 months.’
This company is preparing to expand its network to more than 150 locations across the country. Recently, Easy Home Finance and DCB Bank had signed an agreement to provide affordable home loans to the people. Now the company is preparing to expand its business.
Easy Home Loan was started in 2017-18. It is a mortgage tech company, which provides home loans to the people of middle income group in India on a digital platform. This company has so far raised about $ 100 million through equity and debt. Last time the company raised $ 15 million under Series-A funding in 2021. Earlier, the company had also raised money from Harbourfront Capital in August 2019.
