Mumbai-based Easy Home Finance, a fast-growing home financing company, has raised $35 million in its latest funding round. The investment was led by Claypond Capital, which is managed by Ranjan Pai’s family office, and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund. Existing investors, including Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund, also joined the funding.
Plans for Expansion Across India
With this new investment, Easy Home Finance now has raised over $100 million in both equity and debt. The company plans to use the funds to grow its business by increasing its assets under management (AUM) to $300 million within the next two years. It also aims to expand its presence to over 150 locations across India, in response to the growing demand for home loans and related services.
Services and Focus Areas
Founded in 2017, Easy Home Finance specializes in home loan disbursement and services related to homeownership. These services include home discovery, home renovation, and moving assistance. The company has helped disburse loans worth over Rs 500 crore through third-party lenders and supported around 5,000 families in owning homes.
We focus on first-time homebuyers in smaller cities, who typically need home loans ranging from Rs 10 lakh to Rs 50 lakh.
Rohit Chokhani, Managing Director of Easy Home Finance
Digital and Government Partnerships
Easy Home Finance has a strong digital presence, sourcing 25% of its home loan applications through online platforms. It also works with government housing schemes, bringing in another 25% of applications. The remaining loans are sourced through real estate brokers and aggregators.
Shyam Powar, Chief Investment Officer at Claypond Capital, praised Easy Home Finance’s innovative approach, saying, “Easy is enabling real-time credit appraisals, digital property validation, and a smooth loan disbursal process, making home financing more accessible and efficient.”
Easy Home Finance’s growth is driven by its commitment to simplifying the home loan process and expanding access to homeownership, especially for underserved communities in India. With its recent funding and expansion plans, the company is well-positioned to play a significant role in India’s home financing market.
