Blacksoil Capital

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

Investment leaders from Bain Capital, Samara Capital, BlackSoil Capital, and Multiples Alternate Asset Management speak about capital flow, business and startup growth at the BS BFSI Insight Summit

The company added that its portfolio firms collectively raised Rs 541 crore in Q1 FY25

The firm said about 60% of the total debt funding raised during the first six months of 2024 came from new debt investors

The company's year-on-year disbursement grew by 110%, and its Assets Under Management (AUM) increased by nearly 50 per cent year-on-year

Alternative credit platform BlackSoil on Monday said it has raised Rs 100 crore, from existing investors and promoters, through a rights issue. BlackSoil is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. The company didn't disclose the ownership structure post the issue but said the latest funding round marks the fourth capital infusion within eight years, bringing its total equity raise to over Rs 250 crore. Additionally, it has secured debt financing of over Rs 1,700 crore from HNIs, banks and other NBFCs. BlackSoil provides customised alternative credit solutions to growth companies, financial institutions, Non-Banking Financial Companies (NBFCs) and Micro, Small and Medium Enterprises (MSMEs) across diverse sectors. BlackSoil has surpassed Rs 5,000 crore disbursement across 214 deals by December 2023. Its portfolio includes investments in high-growth businesses such as Ideaforge, Upsto

ANKUR BANSAL, co-founder and director of BlackSoil, feels that fintech will see a shakeout even as regulations bring in more clarity enabling the sector to grow

Bansal also said that the risk is getting blurred between equity and debt as entrepreneurs are unable to raise funds via equity

Mumbai-based says it is helping start-ups as funding winter continues for sector

BlackSoil, a Mumbai-based alternative credit platform, on Tuesday said it has raised over USD 25 million (about Rs 205 crore) through its diverse debt products. The platform secured funding from banks, family offices, corporate treasuries, and high-net-worth individuals, the company said in a statement. This recent capital raise is in addition to the USD 35 million raised during the first half of FY23. "The rise of alternative credit has become a crucial factor in enabling growth for Indian startups, and BlackSoil intends to remain a preferred lender to support their expansion," the company said. Some of the investments BlackSoil made in the year include new-age sectors such as battery swapping (Battery Smart), OTA travel (Yatra.com), discount broking (Upstox), healthtech (HealthPlix), deeptech (Tonbo Imaging) and fintech unicorn (MobiKwik), the statement said. BlackSoil has deployed USD 270 million across 135 deals and having an AUM (Asset Under Management) of USD 90 million. Th

Company says it start-ups looking for support amid funding winter are turning to venture debt

Company that provides debt capital says its assets under management have grown 55% YoY

BlackSoil Capital is an RBI-registered, non-deposit taking NBFC that predominantly operates in the venture debt space

Investor says unique business positioning of the five firms and ability to survive through adversities like Covid is what made them attractive propositions for BlackSoil

BlackSoil currently manages an alternative credit platform consisting of an RBI-registered NBFC and three SEBI-registered AIFs

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