Debt financing NBFC BlackSoil has invested over $4.5 million in three startups – Blue-Smart Mobility, BigHat and LoanTap.
In August last year, BlackSoil had put together an investment of Rs 20 crore in Loanzen Finance, SV Creditline (SVCL) and CMS IT Services.
Mumbai-based BlackSoil was founded in 2010, BlackSoil has a credit platform consisting of one NBFC and 4 AIFs. The company has invested over $250 million in 120 deals to date and has an AUM of over $80 million.
“We are excited to take exposures in these high growth sectors via these investments, with Blu-Smart and BigHaat being BlackSoil’s foremost bet in the sustainability-focused segments namely e-mobility and agri-tech”, said, Ankur Bansal, co-founder, and director of BlackSoil.
“All our new partners have shown tremendous resilience and bounced back from the pandemic to enter a new phase of growth. We are happy to support them and hope our capital will contribute to help them reach the next level. They have unique value propositions and business models which have garnered the support of marquee institutional investors and made them an attractive investment opportunity for BlackSoil as well”, he added.
BlackSoil 5 Unicorn is a backer along with Udaan, OYO, Zetwerk, Spinny, beleaguered Infra. Market and other startups in many stages of their development. In the year 2021, the company participated in 28 deals.
BigHaat
Bengaluru-based Agritech company was founded in 2015 by Sateesh Nukala, Sachin Nandwana, and Kiran Vunnam, It is an agritech company providing integrated agriculture supply chain solutions and agricultural inputs along with crop advisory services to farmers and output market linkage services to these farmers.
The company also uses its farmers’ network for its output market linkage business, where the startup focuses on high-value crops like spices and select grains.
The startup has agri-input facility of over 7,000 SKUs, which includes service areas with over 13,000 pin codes.
LoanTap
Pune-based fintech startup was founded in 2016 by Vikas Kumar and Satyam Kumar, the company has its own NBFC, which helps startups to offer credit products to their users.
The company offers its customers a wide range of solutions with ticket sizes ranging from $400 to $20,000 and tenures ranging from 12 months to 60 months.
The startup is currently present in over 20 cities in India and boasts of a loan approval TAT of less than 2 days, using its proprietary underwriting algorithm called L-T Flow.
Blu-Smart Mobility
Headquartered in Delhi-NCR, the company was founded in 2019 by Anmol Jaggi and Punit Goyal, it is a ride-sharing platform, with a catch the company only has electric cars in its fleet.
The company has the complete stack of e-mobility; smart mobility, smart charging, and smart parking.
The company has a fleet of over 1,000 all-electric vehicles and 10 charging stations with over 250 charging points at those stations.
