Alternative credit platform BlackSoil raised Rs 32 Cr via NCDs

Venture debt and alternative credit fund BlackSoil Capital Pvt Ltd raised Rs 32 crore from 60+ investors for a tenor of three years. the startup has raised a little over 100 Cr in CY2020 after this fundraiser. The NCDs were issued on a private placement basis which will be utilised primarily for the lending activities of the company. The issue will augment the company’s long-term funding requirements and propel the growth that the NBFC envisages.

“In the present scenario of lower interest rates, our issue offers safe long-term investment options with stable returns to investors. Over the last two years, we have created a strong network of more than ~150 high net-worth families and corporates who have shown tremendous support by investing in multiple series of BlackSoil’s NCD programme and remain monumental in the success of our platform." said Ankur Bansal, Director & Co-founder, BlackSoil Group.

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