Easy Home Finance, a home lending platform based in Mumbai, is raising Rs 210.35 crore in a round headed by SMBC Asia and Claypond Capital, owned by Ranjan Pai. The firm last raised close to $8 million in a Series A deal in September 2023, and this is its first capital infusion in more over two years.

According to regulatory filings, the board of Easy Home Finance adopted a special resolution to issue 12,730,960 fully paid equity shares at an issue price of Rs 165.23 each, raising Rs. 210.35 crore.

Easy Home Finance's funding round will be led by Claypond Capital, which would invest Rs 150.5 crore. SVS Trust (IV) and Aart Corporate Advisors will each contribute Rs 5 crore, while SMBC Asia Rising Fund will follow with an investment of Rs 48.75 crore.

Among the firms that have funding from Claypond Capital, the family office of Manipal's group chairman Ranjan Pai, are HealthifyMe, Aakash Institute, Bluestone, PharmEasy, and Purplle.

Home loan disbursement and associated services, such as house hunting, remodeling, and moving support, are the main priorities of Easy Home Finance. According to the company, it has helped 5,000 families become homeowners by facilitating more than Rs 500 crore in loans from third-party lenders.

Entrackr estimates that Easy Home Finance's post-money valuation will be around Rs. 1,010.36 crore.

After this transaction, SMBC Asia and SVS Trust (IV) will own 4.80% and 1.02% of the company, respectively, while Claypond Capital will possess 14.90%.

Easy Home Finance's operating revenue increased by more than 90% from Rs 33.38 crore in the previous fiscal year to Rs. 63.73 crore in FY24. The business was still profitable, but in the fiscal year that ended in March 2024, its profit rose 10.8% to Rs 5.23 crore.