Non-banking finance company (NBFC) Optimo Capital, which focuses on digital Loan Against Property (LAP) solutions for small businesses, has raised ₹150 crore ($17.5 million) in its Series A round, led by founder Prashant Pitti along with existing investors Blume Ventures and Omnivore.

The company has also raised ₹110 crore in debt from IDFC Bank and Axis Bank, and is in talks with several PSU banks and large NBFCs for additional co-lending partnerships.

Blume Ventures Partner Ashish Fafadia said, “Prashant’s leadership and disciplined execution are rare in financial services. Optimo is building the blueprint for higher-amount and affordable loans backed by property — the future of secured lending in India.”

The funds will be used to expand Optimo’s AI infrastructure, strengthen co-lendi

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