BlackSoil NBFC Secures INR 100 Cr To Boost Its Credit Playbook
Summary
Additionally, it has secured debt financing of over INR 1,700 Cr from HNIs, banks and other NBFCs.Founded in 2016, BlackSoil is an alternative credit platform comprising an NBFC and AIF. It provides customised alternative credit solutions to growth companies, financial institutions, NBFCs and MSMEs across diverse sectors.BlackSoil is backed by marquee investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors.This funding will enable us to accelerate our growth trajectory and further solidify our position as a leading player in the alternative credit space. While supporting the growth aspirations of our clients, we are committed to delivering value to our stakeholders, said Ankur Bansal, cofounder and director of BlackSoil.At the group level, it has surpassed INR 5,000 Cr disbursement across 214 deals by December 2023. It counts ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, and Curefoods as among its portfolio companies.BlackSoil claims to have logged AUM growth of around 30% YoY in CY 2023. With around 30% YoY increase in investment, it deployed INR 1650 Cr across 63 deals and exited from over 20 deals.Last year, BlackSoil raised $25 Mn in funding from multiple banks, family offices, corporate treasuries, and high-net-worth individuals.
Funding
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