Easy Home Finance, a home financing startup, has successfully secured a fresh injection of $35m in a funding round.
Leading the investment was Ranjan Pai’s family office, Claypond Capital, alongside Sumitomo Mitsui Banking Corporation’s Asia Rising Fund, according to a report from Entrackr.
Contributions also came from existing investors including Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund.
Based in Mumbai, Easy Home Finance is dedicated to simplifying the home loan process. The company offers a range of services, from home loan disbursement to related services such as home discovery, renovation, and moving assistance. This comprehensive approach has already facilitated over Rs 500 crore in loans through third-party lenders, helping approximately 5,000 families achieve homeownership.
The new capital will primarily be used to boost the company’s assets under management (AUM) to $300m over the next 24 months.
Additionally, Easy Home Finance plans to significantly expand its operational network, aiming to reach over 150 locations across India. This expansion is set to meet the growing demand for accessible and efficient home financing solutions in the region.
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