BlackSoil was established in 2010 with the sole goal of developing cutting-edge funding and advisory solutions for developers, entrepreneurs, and high-growth businesses.
Through a rights offering, alternative credit platform BlackSoil NBFC has raised INR 100 Cr in equity from its current Indian investors and family offices. According to a release, the additional funding will strengthen BlackSoil NBFC’s credit standing and increase its capacity for borrowing.
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With this most recent round, BlackSoil NBFC has raised over INR 250 Cr in equity, its fourth capital infusion in as many years. Furthermore, it has obtained debt financing from banks, other NBFCs, and HNIs totaling more than INR 1,700 Cr. BlackSoil is an alternative lending platform that consists of an NBFC and an AIF. It was founded in 2016. It offers growth enterprises, financial institutions, NBFCs, and MSMEs in a variety of industries tailored alternative lending solutions.
Renowned investors including the family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Florintree Advisors, led by Mathew Cyriac, support BlackSoil.
Ankur Bansal, cofounder and director of BlackSoil said, “This funding will enable us to accelerate our growth trajectory and further solidify our position as a leading player in the alternative credit space. While supporting the growth aspirations of our clients, we are committed to delivering value to our stakeholders,”
By December 2023, the total amount disbursed across 214 deals has exceeded INR 5,000 Cr at the group level. Among its portfolio firms are ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, and Curefoods.
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It had previously reported that, year over year, its portfolio investment had grown by 35% to over $30 million in the third quarter of FY24. In Q3 FY24, the venture capital firm departed six deals and made strategic investments in six new ones. During the nine months that concluded in December 2023, BlackSoil managed to deploy over $110 million in their portfolio.
About Black Soil
BlackSoil was established in 2010 with the sole goal of developing cutting-edge funding and advisory solutions for developers, entrepreneurs, and high-growth businesses. They have facilitated fund raising, restructuring, structured lending, and other services for businesses at all phases of development.
Their strategy is characterised by its operational flexibility, patience, and value-creation dedication. It approaches every financing scenario from both a credit and an equity perspective, providing rapid input on each proposed deal across its several verticals – investing without requiring laborious audits or significant equity dilution.
