[Funding News] BlackSoil NBFC Secures Rs 200 Cr Debt Funding Round

BlackSoil NBFC, the primary division of BlackSoil Group, has secured a debt of Rs 208 crore. The round saw involvement from High Net Worth Individuals (HNIs), Ultra High Net Worth Individuals (UHNIs), Family Offices, banks, and Non-Banking Financial Companies (NBFCs).

BlackSoil is supported by investors and family offices associated with Allcargo Logistics, Navneet Education, Mahavir Agency, and Florintree Advisors managed by Mathew Cyriac. The company has broadened its network of lenders, which now includes various banks and NBFCs, thereby strengthening its ability to borrow funds.

BlackSoil reported that 60% of the money was sourced from new debt investors, resulting in a total debt raised of about Rs 1,570 crore as of June 30, 2024. The company recently funded Rs 100 crore through a rights offering, with full participation from all its investors in this round.

BlackSoil provides tailored lending solutions to rising corporations, financial institutions, NBFCs (Non-Banking Financial Companies), and MSMEs (Micro, Small, and Medium Enterprises) in various industries. The organisation asserts that it has established itself as a favoured lender for enterprises in the new-age economy. It employs a sector-agnostic strategy and an underwriting methodology that focuses on cash flow.

Read also - Bitscale Raises Maiden Funding Round from First Cheque

BlackSoil has a varied portfolio that encompasses multiple sectors, such as financial, agri-tech, B2B, consumer, healthcare, SaaS, and IoT. Furthermore, it has diversified its presence into burgeoning industries such as electric vehicles (EV), rapid commerce, the hospitality industry, and online travel aggregators (OTA).

About BlackSoil

Founded in 2010 by Ankur Bansal, BlackSoil with the single mission of pioneering unique advisory & financing solution for developers, startups & high growth companies. We have worked with companies at all stages of development through structured lending, fund raising, restructuring etc.

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