Optimo Capital secures ₹150 Cr funding to redefine SME lending in India

Optimo Capital has raised ₹150 crore in a Series A funding round led by its founder, Prashant Pitti, with participation from existing investors Blume Ventures and Omnivore.

Founded by Prashant Pitti in 2024 in Bengaluru, India, Optimo Capital is building a digital-lending NBFC focusing on loans against property (LAP), serving SMEs and self-employed individuals who own land/property but lack formal credit history.

The fresh capital will be used to enhance the fintech’s technology infrastructure, strengthen its AI systems, and expand its operations into tier-III markets.

• Built a ₹350 crore loan book in just ~18 months, operating in 56 cities across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh & Madhya Pradesh.
• Achieved profitability within three months of launch and maintains a gross NPA of just ~0.6%, well below the ~2% industry average.