BlackSoil raises Rs 250 crore in fresh capital
Venture debt platform BlackSoil said that it has raised Rs 250 crore in funding through its financial products from family offices, notable ultra-high-net-worth individuals/high net-worth individuals, and marquee institutions.
Some of BlackSoil’s investments over the years include nine unicorns Upstox, Slice, MobiKwik, Udaan, Infra Market, Zetwerk, Oyo Rooms, Spinny & Purplle. “Despite near-term challenges and rising interest rates, we are confident in our strategy…,” said Ankur Bansal, director, and cofounder, BlackSoil.
Bansal said his fund's lending would be through products with amortising and fixed pay-out structures that reduce business and time risk and safeguard investments.
“This has enabled us to raise this capital even amid market volatility. The funds raised will be lent to mid- and growth-stage startups through various debt products,” Bansal said.
According to BlackSoil, the onset of the funding winter has opened up opportunities for alternative credit as they provide the necessary runway through working capital solutions, acquisition financing, and other short-term funding requirements without impacting the overall cap-table and underlying valuations of startups.
Over the last six years, BlackSoil has deployed more than $300 million in startups, with deployment in FY22 standing at a record high of over $90 million.
“Strategic partnerships, acquisitions, and talent addition have made our initiatives and vision the most sought-after partner to founders, enterprises, and investors,” Bansal said.
Some of BlackSoil’s investments over the years include nine unicorns Upstox, Slice, MobiKwik, Udaan, Infra Market, Zetwerk, Oyo Rooms, Spinny & Purplle. “Despite near-term challenges and rising interest rates, we are confident in our strategy…,” said Ankur Bansal, director, and cofounder, BlackSoil.
Bansal said his fund's lending would be through products with amortising and fixed pay-out structures that reduce business and time risk and safeguard investments.
“This has enabled us to raise this capital even amid market volatility. The funds raised will be lent to mid- and growth-stage startups through various debt products,” Bansal said.
According to BlackSoil, the onset of the funding winter has opened up opportunities for alternative credit as they provide the necessary runway through working capital solutions, acquisition financing, and other short-term funding requirements without impacting the overall cap-table and underlying valuations of startups.
Over the last six years, BlackSoil has deployed more than $300 million in startups, with deployment in FY22 standing at a record high of over $90 million.
“Strategic partnerships, acquisitions, and talent addition have made our initiatives and vision the most sought-after partner to founders, enterprises, and investors,” Bansal said.
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