Optimo raises Rs 100 crore from PNB, partners with Godrej Finance for co-lending

Optimo raised Rs 100 crore from PNB

• Optimo Capital raised Rs 100 crore from Punjab National Bank
• Optimo partners with Godrej Finance to disburse ₹200 crore loans
• Optimo manages Rs 430 crore AUM with gross NPAs below 0.7 percent

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Optimo Capital, a digital micro small and medium enterprise lending firm, has raised Rs 100 crore (approximately $11 million) in funding from public sector firm Punjab National Bank, the company said in a media statement.

Founded by Prashant Pitti, who also co-founded travel firm EaseMyTrip, Optimo had raised Rs 150 crore (approximately $17.5 million) late last year. Pitti led the round while existing investors Blume Ventures and Omnivore participated too.

The Bengaluru-based firm has also entered into a co-lending partnership with Godrej Finance to disburse ₹200 crore over the next 12 months.

“India’s MSME sector continues to face a $240 billion credit gap despite many businesses having strong collateral,” said CEO Pitti, adding that the company will use technology with disciplined underwriting to deliver faster and safer credit access for entrepreneurs.

Optimo currently manages over Rs 430 crore in assets under management (AUM), while maintaining gross Non Performing Assets below 0.7 percent, the company said.

Founded in early 2024, Optimo had previously secured Rs 110 crore in debt funding from IDFC and Axis Bank. The company provides digital loans against property.

The company has been profitable since its inception and currently generates Rs 2–3 crore in profit every month, it said. Optimo recently received a BBB (Stable) credit rating from CARE Ratings, the firm added.

By leveraging AI and 77 lakh digital land records, Optimo will look to provide rapid property valuation and title verification.

The company can provide in-principle approvals within hours and full loan disbursals in under a week — a process that traditionally takes between four to six weeks at conventional lenders, it said.

Optimo has branches in 51 cities in Karnataka, Tamil Nadu, Telangana, Andhra Pradesh and Madhya Pradesh. It has over 500 employees.