Fundz

BlackSoil raises Rs 100 crore in equity funding to enhance credit profile and strengthen borrowing capacity.

PRIVATEMar 11, 2024

Amount Raised

$100 Million

Round Type

Venture

MumbaiFinancial ServicesFinanceFintechLending

Investors

Florintree AdvisorsMahavir AgencyNavneet EducationAllcargo Logistics

Description

BlackSoil, the alternative credit platform, raised Rs 100 crore in equity funding through a rights issue with participation from existing Indian investors and family offices. The funds will be used to enhance the credit profile and strengthen borrowing capacity.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as BlackSoil that raised within 45 days of this round, from Fundz verified event records.

  • QI Tech raised an undisclosed amount (Series B) on April 25, 2024.
  • Kamina raised $3.2M (Pre-Seed) on April 17, 2024.
  • Prosper raised $679K (Seed) on April 16, 2024.
  • Ellipsis Labs raised $20M (Series A) on April 7, 2024.
  • Hello Alice raised $130M (Series C) on April 4, 2024.
  • Ellipsis Labs raised $20M (Series A) on April 4, 2024.

Who to call at BlackSoil, and when

A new round usually means BlackSoil is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day BlackSoil raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at BlackSoil, from your own LinkedIn network

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Company Information

Company

BlackSoil

Location

Mumbai, Maharashtra, India

About

BlackSoil is the flagship arm of BlackSoil Group and offers alternative credit solutions to various types of growth companies, financial institutions, NBFCs, and MSMEs.

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BlackSoil raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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