BlackSoil Capital secures Rs 65 Cr to expand lending portfolio

Venture debt firm BlackSoil Capital has received an equity infusion of INR 65 crore from Dutch development bank FMO and Caspian Debt founder S. Viswanatha Prasad.

BlackSoil said in a statement that the new capital will strengthen its balance sheet and help expand its lending portfolio. It will allow the firm to fund more priority-sector businesses and new-age enterprises, including climate and agritech companies.

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FMO, previously an investor in Caspian Debt, has moved its shareholding to BlackSoil Capital after the two companies completed their merger last month.

The merged BlackSoil Capital–Caspian Debt entity, now operating as BlackSoil Capital, has a combined AUM of ₹1,900 crore and has provided debt funding to over 550 companies so far.

The merger had been in progress for over a year and received approvals from the Reserve Bank of India (RBI) in September 2024 and the National Company Law Tribunal in April 2025.

About BlackSoil Capital

Founded in 2016, BlackSoil is an alternative credit platform that includes an NBFC and an AIF. It offers tailored credit solutions to growing companies, financial institutions, and small and medium businesses in various sectors. Some of the startups it has supported include HomeLane, mCaffeine, LeverageEdu, and MobiKwik.

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After its recent merger, BlackSoil gained access to around 5,000 new borrowers. This makes its portfolio more diverse and allows it to support more startups at different stages. The company plans to invest in sectors like agritech, healthcare, consumer services, fintech, and cleantech.

BlackSoil aims to grow its assets under management (AUM) by 25% annually over the next few years. Last year, it raised INR 100 crore from existing Indian investors and family offices to boost its credit profile and borrowing capacity. Before that, it had completed three rounds of equity funding.

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