NBFC Startup Blacksoil Secures Rs. 100 crore from its existing Investors
Alternative credit platform startup BlackSoil NBFC, which is the flagship arm of BlackSoil Group has recently raised equity of Rs. 100 crore or $12million from its existing Indian investors and family offices through a rights issue.
In a media statement, the company said, this freshly infused capital will improve BlackSoil NBFC’s credit profile and encourage its borrowing capabilities and growth.
This credit giving platform is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. This latest fundraising will bring its equity to over Rs.250 crore. Additionally it has already raised debt financing 1700 crore from HNIs, banks and other NBFCs, which eventually uplifted its financial position.
BlackSoil offers alternative credit solutions to growth companies, financial institutions, NBFCs and MSMEs across sectors. Its portfolio on farms together raised $800million in CY23 with Yatra, ideaForge, Cellecor.
In the group level, BlackSoil has surpassed Rs. 5,000 crore which is over $600 million disbursement across 214 deals by December 2023. Its portfolio includes ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Dunzo, Purplle, Mobikwik and Cure Foods.
Co-founder and Director of BlackSoil, Ankur Bansal, quoted, “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.”
The company Blacksoil was founded in 2016, by Mohinder Pal Bansal, and Ankur Bansal which is registered by RBI and SEBI. According to the company’s statement, its AUM increased by almost 30% year over year in 2023. It also made investments of Rs.1650 crore, in 63 deals, and exited from more than 20 of them during that time.
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In a media statement, the company said, this freshly infused capital will improve BlackSoil NBFC’s credit profile and encourage its borrowing capabilities and growth.
This credit giving platform is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. This latest fundraising will bring its equity to over Rs.250 crore. Additionally it has already raised debt financing 1700 crore from HNIs, banks and other NBFCs, which eventually uplifted its financial position.
BlackSoil offers alternative credit solutions to growth companies, financial institutions, NBFCs and MSMEs across sectors. Its portfolio on farms together raised $800million in CY23 with Yatra, ideaForge, Cellecor.
In the group level, BlackSoil has surpassed Rs. 5,000 crore which is over $600 million disbursement across 214 deals by December 2023. Its portfolio includes ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Dunzo, Purplle, Mobikwik and Cure Foods.
Co-founder and Director of BlackSoil, Ankur Bansal, quoted, “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.”
The company Blacksoil was founded in 2016, by Mohinder Pal Bansal, and Ankur Bansal which is registered by RBI and SEBI. According to the company’s statement, its AUM increased by almost 30% year over year in 2023. It also made investments of Rs.1650 crore, in 63 deals, and exited from more than 20 of them during that time.
