BlackSoil NBFC has successfully secured INR 100 crore to enhance its credit playbook.

SUMMARY

the newly acquired capital will enhance BlackSoil NBFC's credit profile and strengthen its borrowing capabilities. This funding round represents the fourth capital infusion for BlackSoil NBFC in the past eight years, bringing its total equity raised to over INR 250 crore. Established in 2016, BlackSoil operates as an alternative credit platform, consisting of an RBI-registered systemically important NBFC and a SEBI-registered AIF.

BlackSoil NBFC, an alternative credit platform, has garnered INR 100 crore in equity through a rights issue from its existing Indian investors and family offices. The infusion of new capital is intended to enhance BlackSoil NBFC's credit profile and strengthen its borrowing capabilities, as stated in a released statement

This recent funding round represents the fourth capital infusion for BlackSoil NBFC in the span of eight years, bringing its total equity raised to over INR 250 crore. In addition to equity, the company has also secured debt financing exceeding INR 1,700 crore from High Net Worth Individuals (HNIs), banks, and other NBFCs.

Established in 2016, BlackSoil operates as an alternative credit platform, comprising both an NBFC and an Alternative Investment Fund (AIF). It specializes in delivering tailored alternative credit solutions to growth companies, financial institutions, NBFCs, and Micro, Small, and Medium Enterprises (MSMEs) across various sectors.

BlackSoil has gained support from prominent investors and family offices associated with Allcargo Logistics, Navneet Education, Mahavir Agency, and Florintree Advisors led by Mathew Cyriac.

In the past year, BlackSoil secured $25 million in funding from various banks, family offices, corporate treasuries, and high-net-worth individuals, utilizing different debt products for capital acquisition.

In 2022, the company had raised INR 250 crore (approximately $30 million) in debt funding from family offices, UHNIs/HNIs, and investment institutions. The funds were earmarked for targeting mid and growth-stage startups through its debt products.

In the third quarter of fiscal year 2024, BlackSoil revealed that its portfolio investments exceeded $30 million, marking a 35% year-on-year growth. During this period, the venture capital firm exited six deals and strategically invested in six new deals.From March to December 2023, BlackSoil successfully deployed a total portfolio exceeding $110 million.