Optimo Capital
Prashant Pitti is a seasoned entrepreneur and business leader, known for co-founding EaseMyTrip.com in September 2011, a consumer startup that notably achieved IPO status and unicorn valuation without external funding while being profitable for over 13 years. In August 2023, Prashant founded Optimo Capital, following previous leadership roles as Founder and CEO at Profoundly & NearGroup from May 2017 to June 2019, where a social and dating app was developed for users in the Philippines and America. Earlier career highlights include positions as Assistant Vice President at HSBC Private Bank and Business Analyst at Capital One, where significant contributions were made to marketing strategies and product development. Prashant Pitti earned a B.Tech degree in Electrical Engineering from the Indian Institute of Technology, Madras.
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Optimo Capital
For India to become a USD 15 trillion economy, Indian MSME businesses need to play a vital role, as they contribute 30% to GDP. Did you know? 53% of all our country’s wealth resides in land & property. Indian business owners must make their assets work, by taking loan against property, to grow their business. Loan Against property (LAP) usually comes at low interest-rates and high loan-amount, compared to personal or unsecured business loans. However, the biggest hurdle in the growth of the LAP market is the existing old-fashioned methods & disbursement takes on average 18 days, restraining borrowers from accessing quick capital Due to slow process, current market for small-ticket LAP is around USD 22 billion, however market potential is estimated to be USD 270 billion. Optimo Capital is creating India's 1st Digital LAP product, where business owners digitally share their details, property location & documents. By leveraging technology and scraping millions of circle-rate, mortgage & land records available on the internet, Optimo aims to issue in-principle sanction letters in 2 hours & disbursement in 48 hours. Besides sourcing digitally, Optimo wishes to remain omni-channel, hence is also creating physical branches in rural-India, for both sourcing and collections purposes. Optimo presently has around 17 branches across Karnataka, Tamil Nadu, Andhra Pradesh and Telangana and plans to increase it up to 50 branches by March 2025