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

Mar 11, 2024•almost 2 years ago

Amount Raised

$100 Million

MumbaiLendingFintechFinanceFinancial Services

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.

Company Information

Company

BlackSoil Capital

Location

Mumbai, Maharashtra, India

About

BlackSoil Capital is a new-age lender that provides data-driven debt solutions to small businesses and startups in India. The company focuses on supporting mid-market MSMEs with loans based on cash flows and business strength. They emphasize responsible lending and aim to improve access to capital for underserved businesses.

Related People

2 contacts

Funding Insights

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