Mumbai-based digital mortgage startup Easy Home Finance has raised USD 35 million in a funding round led by Ranjan Pai’s Claypond Capital, with additional backing from Sumitomo Mitsui Banking Corporation’s Asia Rising Fund. According to the company, this capital injection will be directed towards expanding its assets under management to USD 250 million over the next two years and scaling its presence to over 150 locations across India.
Easy Home Finance, which last raised $15 million in its Series A round in 2021, currently operates in more than 100 cities and reports loan disbursals exceeding Rs 500 crore. Founded in 2018, the company has now raised over USD 100 million in equity and debt, aiming to streamline affordable housing finance through its digital-first platform.
According to Rohit Chokhani, Managing Director of Easy Home Finance, the company has developed an in-house “prop-tech” combined with “credit-tech,” allowing customers to experience a faster, more seamless home loan process. “We’ve seen clients progress from origination to moving in on the same day,” he said, underscoring the startup’s commitment to reducing wait times and improving accessibility.
This funding round also saw participation from existing investors, including Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund. Shyam Powar, Chief Investment Officer of Claypond Capital, highlighted Easy Home Finance’s role in transforming the housing finance sector, noting its impact on making homeownership more accessible by leveraging technology for real-time credit assessments and digital property validation.
The Rainmaker Group served as the sole advisor to Easy Home Finance for this round.
