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Using a combination of bank loans, non-convertible debentures, commitments from alternative investment funds, and direct co-investments from banks, family offices, corporate treasuries, and high-net-worth individuals, BlackSoil Capital, an alternative lending platform, has raised $25 million (roughly Rs 205 crore).
In the most recent investment round, which brought in additional funding on top of the $35 million the platform had already raised in the first half of FY23, about 60% of BlackSoil's previous investors participated. BlackSoil raised a total of $60 million in the prior fiscal year by closing the most recent round within the same fiscal year, as per reported by BW Disrupt.
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BlackSoil, a debt investor founded in 2016, provides funding to new-age, digital-first companies operating in various industries. The platform currently oversees over $90 million in assets and has invested $270 million across 135 transactions.
Nine unicorns, including Upstox, Udaan, Zetwerk, Oyo, and Spinny, as well as Curefoods, a cloud kitchen company, BluSmart, an electric cab company, and ideaForge, a drone manufacturer, are included in BlackSoil's portfolio.
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About BlackSoil
With the sole purpose of creating innovative advisory & financing solutions for developers, startups, & high growth companies, BlackSoil was established in 2010. Through structured lending, fund raising, restructuring, and other methods, they have worked with businesses at all stages of development.
Their strategy is characterised by operational flexibility, patience, and a dedication to value creation. BlackSoil approaches each financing scenario from both a credit and an equity perspective, providing quick feedback on any deal proposal through its various verticals - investing without time-consuming audits & significant equity dilution.
