Home loans lender Easy Home Finance, based in Mumbai, raised $30 million in its Series C funding round. The global investment manager Investcorp led the funding round. It is a major milestone in the growth path of the company. The existing investors, such as Claypond Capital and the SMBC Asia Fund, were also involved in the funding round, which further emphasized the trust of the institutional investors in the tech-focused mortgage business of the firm.
This is the most recent capital injection that makes the total financing of Easy Home Finance close to $130 million. The company has a track record of quality investment. Its last big financing was a $35 million round in November 2024, which was led by the family office of Ranjan Pai, Claypond Capital, and Asia Rising Fund of Sumitomo Mitsui Banking Corporation. Before that, the startup had raised $15 million in a series A round led by Xponentia Capital in 2021.
The Series C round proceeds will be used to finance several strategic initiatives. Easy Home Finance will use the new capital to increase its geographical presence in new markets within India. Through expansion of its distribution network, the firm will expand into other regions, other than the big cities, where the need to own affordable residential homes has steadily increased.
Besides the physical growth, a large part of the funds will be used to enhance the proprietary technology platform of the company. Easy Home Finance has established its reputation based on offering technology-driven home loans that value quick approvals and limited paperwork. The company will continue to optimize these online operations in order to stay competitive in the business of mortgage-backed loans.
Easy Home Finance was founded in 2017. Its main target is to cater to middle-income borrowers. The business model of the firm is aimed at streamlining the traditionally complex process of home loans by providing a highly digital experience. Through the use of technology, the company is offering mortgage-backed loans with an emphasis on efficiency by serving a population that frequently encounters obstacles in accessing credit services from conventional banking institutions.
The expansion of the company is also timed when the Indian mortgage market is experiencing an outburst of activity in the affordable housing sector. Easy Home Finance is gearing towards acquiring more of this market by enlarging the loan book and providing specialized services, which would help in closing the gap between the financial institution and the potential homeowners of the peri-urban and tier II clusters.
Capital raises have been heard in the housing finance sector lately as investors have shown strong interest in technology-based lending platforms. Easy Home Finance still records strong financial results and its fundraising activities.
The firm registered significant revenue growth and has been profitable in past fiscal years, and this has contributed to its high valuation in the market. The firm, supported by Investcorp among other high-profile investors, is in an excellent position to implement its long-term vision of being among the major players in the housing finance ecosystem in India.
The successful Series C round of $30 million, led by Investcorp, will support the fact that digital-first solutions are gaining relevance in the Indian mortgage sector. With the strategic addition of new capital and an established technological platform, Easy Home Finance will be able to speed up its goal of making homeownership more accessible. With the expansion into other territories, the development of digital potential, the company has become a central figure in serving the credit demands of the middle-income population within the country.