Why Paytm needs a partner
Want this newsletter delievered to your inbox?
SUBSCRIBE
Thank you for subscribing to Morning Dispatch
We ll soon meet in your inbox. / Morning Dispatch
Raheja QBE General
Insurance Company for a year, is now looking for a partner for its general insurance business in the hope that this will speed up regulatory approvals.
Also in this letter:
CoinDCX in talks to raise $100-120 million
Delhi High Court gives Twitter last chance to comply
Paytm’s looking for a match
Paytm is in the midst of sorting out its IPO, having filed its draft prospectus with markets regulator Sebi earlier this month. But that’s just one of the many moving parts the company is dealing with.
Synopsis
The startup aims to achieve an asset under management of $150 million in the next two years.
ETtech
Illustration: Rahul Awasthi
Mortgage finance startup Easy has announced that it has raised $15 million as part of a Series-A funding round which was led by private equity firm Xponentia Capital Partners.
The round, which closed at an undisclosed valuation, saw participation from venture capital funds that are existing investors, such as Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson and Integra Software.
Easy, founded in August 2018 by Rohit Chokhani, had raised an undisclosed amount from Harbourfront Capital in August 2019. The startup aims to achieve an asset under management of $150 million in the next two years.
PR Srinivasan who is the managing partner of Xponentia Capital will join the board of Easy
Easy aims to achieve $150 Mn assets under management in the next 24 months
Mumbai-based mortgage tech startup Easy has raised $15 Mn in its Series A round led by Xponentia Capital Partners. Existing investors Harbourfront Capital, Finsight VC, RaSa Future Fund, among others participated in the round.
Founded in 2018 by Rohit Chokhani, Easy offers mortgages to underserved customers via mobile. The startup operates across the country in a phygital model and claims to offer instant decisions on home loans. The startup is registered under the National Housing Bank.