[Funding alert] Mortgage-tech company Easy Home Finance raises undisclosed amount from Harbourfront Capital
Summary
Mumbai-based mortgage-tech startup, Easy Home Finance, on Monday announced that it has raised an undisclosed amount from Shinji Kimura’s Harbourfront Capital. The company said in an official statement that Harbourtfront Group hopes to enter into financial services through this partnership. Easy Home Finance will use the capital to expand its asset under management (AUM) by 10 times. Speaking about the investment, Rohit Chokhani, Founder and Managing Director of Easy, said, Founded by Rohit Chokhani, Praveen Agrawal, Prerak Mehta, and Rohan Shah, the startup provides paperless service using Artificial Intelligence (AI)-enabled technology, which was developed to assess and manage home loans. In November 2018, Harboufront Capital invested $20 million in Bengaluru-based vehicle sharing marketplace Drivezy, along with others.