Mortgage finance startup Easy raises $15m and 10 India deal updates

Mortgage finance startup Easy said it has raised $15 million as part of its Series A funding round led by private equity firm Xponentia Capital Partners.

The round also saw the participation of Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital, Helena Wasserman Eriksson, and Integra Software.

The company had raised its first institutional round from Harbourfront Capital in 2019.

Founded in August 2018 by Rohit Chokhani, Easy is a mortgage tech company providing mortgages on mobile to underserved consumers. The venture is focused on measuring environmental social & governance (ESG) impact proactively.

Easy aims to achieve $150 million assets under management over the next 24 months and will expand its network to more than 100 locations across the country. The company is backed by more than a dozen banks and financial institutions, it said in a statement.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from July 28-29, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
EasyMumbai15 millionSeries AXponentia Capital PartnersHarbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital, Helena Wasserman Eriksson, Integra SoftwareFinancial ServicesFintech
sliceBengaluru10 millionDebtNorthern Arc Capital, Niyogin Fintech Limited, Credit Saison India, Vivriti Capital-Financial ServicesFintech
90+ My Tuition AppBengaluru5 millionSeries APearl Investment LLC-Education/TrainingEdTech
StrataBengaluru6 millionSeries AKotak Investment Advisors Limited, Gruhas Proptech, Sabre InvestmentsElevation Capital, Mayfield India, Gemba CapitalFinancial ServicesReal Estate Tech
FixcraftGurugram1 millionPre-Series AUbiquity CapitalAmit Lakhotia, Dhruv Dhanraj Bahl, Shashvat Nakrani, Rohit Kapoor, Maninder Gulati, Deepak Jain, Ashish Goel, Akshay Saxena, Anshoo Sharma, Manu Jain, Sumit JainAutomobiles Other Vehicles & PartsE-commerce
RocketiumBengaluru3.2 millionSeries AEmergent Ventures-SoftwareSaaS
BlaizeHyderabad71 millionSeries DFranklin Templeton, TemasekDENSOHardwareAI and Machine Learning
Murf.aiBengaluru1.5 millionSeedElevation CapitalVidit Aatrey, Sanjeev Barnwal, Kashyap Deorahe, Ashish GoelSoftwareAI and Machine Learning
OurbetterplanetBengaluru300,000Seed-VANS, Manoj JohnConsumer ProductsE-commerce
WasabiBengaluru1.8 millionSeedAnkur Capital021 Capital, Sparrow Capital, Ankit Bhati, Mekin Maheshwari, Lalit Keshre, Revant Bhate, Abhishek Goyal, Ashish GoelBusiness Support ServicesSaaS
BiconomyGurugram9 million-DACM, Mechanism CapitalCoinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs, Capital Partners, Stani of Aave, Hasu, Stephane Gosselin from Flashbots, Prabhakar Reddy from Falcon X, Arbitrum foundersSoftwareBlockchain

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.