Credit platform Blacksoil Capital has raised Rs 25 Cr from 60+ investors through private placement of Non-convertible Debentures (NCDs), which is issued for a tenor of three years. Structured as an NBFC, BlackSoil focus primarily on venture debt as well as structured and real estate debt.
BlackSoil is a new-age venture debt platform. Backed by family offices, Blacksoil investments have been sector agnostic as they have developed expertise in multiple domains such as financial services/fintech, ecommerce, SaaS, logistics/mobility, healthcare, consumer, travel, industrial services, and real estate, among others.BlackSoil Capital is claimed to be one of the first venture debt platforms in India that has been raising NCDs for deployment in the venture debt market at the group level.
Ankur Bansal, Director and Co-founder of BlackSoil, said, "This is a huge validation of the robustness of our business model and our governance standards. The subscription has been received from several high net-worth families and corporates. This highlights strong investor confidence in our NBFC and that our investor base appreciates the critical role we are currently performing by providing innovative debt solutions to growth companies, SMEs and startups."