BlackSoil Bags INR 250 Cr From Family Offices

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The funds raised will be lent to mid and growth-stage startups, through a variety of debt products

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BlackSoil, a debt financing firm, has raised INR 250 crore from family offices, prominent ultra-high-net-worth individuals/high-net-worth individuals, and marquee institutions. It is an alternative credit platform based in Mumbai.

“The funds raised will be lent to mid and growth-stage startups, through a variety of debt products,” said Ankur Bansal, Director & Co-Founder, BlackSoil.

Some of BlackSoil’s investments over the years include nine unicorns – Upstox, Slice, MobiKwik, Udaan, Infra Market, Zetwerk, Oyo Rooms, Spinny & Purplle. The company had deployed more than $300 million in more than 130 deals over the last six years.

“Despite near-term challenges and rising interest rates, we stand confident in our strategy. Our products are providing safety of investment along with stabilized returns supported by our proprietary underwriting and resilient credit performance,” he added.



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