BlackSoil invests Rs 20 cr across 3 deals in Loanzen, SVCL and CMS IT Svcs

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

Venture debt firm BlackSoil on Thursday announced that it has invested over Rs 20 crore cumulatively in used commercial vehicle financing NBFC – Loanzen Finance, microfinance NBFC – S V Creditline (SVCL) and IT Service provider – CMS IT Services. The raised funds will be deployed by the companies for the next stage of their growth.

“Although all three of them cater to different segments, few characteristics are common like experienced management, growth potential, unique business positioning, and greater ability to survive through adversities like Covid-19. We are optimistic that our debt capital will help these companies take their businesses