Easy Home Finance has successfully raised $35 million in its Series B funding round. The round was led by Claypond Capital, chaired by Ranjan Pai of the Manipal Group.
Other participants in the round included Sumitomo Mitsui Banking Corporation’s Asia Rising Fund, as well as existing investors Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund. This investment reflects growing investor confidence in the housing finance sector.
The funds will be used to build the company's asset book, with the goal of reaching approximately $300 million in assets within the next 24 months. Easy Home Finance plans to expand its network to more than 150 locations across India. The company recently partnered with DCB Bank to facilitate the disbursement of affordable home loans.
Rohit Chokhani, managing director at Easy Home Finance, emphasized the company's innovative approach, which combines prop-tech and credit tech to enhance the consumer experience, allowing clients to move into properties on the same day as loan origination.