BlackSoil, a platform for alternative finance, claimed to have raised over $25 million through its variety of loan products, 60% of which were repeat investors in the most recent capital raise. In addition to the $35 million that BlackSoil raised in the first half of FY23, the money. The business has recently made investments in cutting-edge industries like deep technology, online travel agencies (OTAs), battery switching, and health technology.

Ankur Bansal, co-founder of BlackSoil, stated, "We have seen a considerable interest from investors, and we are sure that our robust portfolio performance in the current funding winter environment will continue to draw investors in the years to come.

New-age industries including battery swapping (Battery Smart), OTA travel (Yatra.com), discount broking (Upstox), healthtech (HealthPlix), deeptech (Tonbo Imaging), and fintech unicorn are just a few of the major investments Blacksoil has made recently (MobiKwik). BlackSoil presently oversees an alternative credit ecosystem with $270 million invested across 135 transactions.

A number of unicorn companies, including Upstox, Udaan, Zetwerk, OYO Rooms, and Spinny, as well as Curefoods, a significant player in the cloud kitchen market, Blu-Smart, a pioneer in EV ride-hailing, and ideaForge, a drone maker, are included in the portfolio. The venture debt platform garnered Rs 250 crore in October of last year through a variety of its financial products from reputable family offices, well-known HNIs, and marquee institutions.