11.8 C
New York
Monday, November 30, 2020
Home Trends BlackSoil Capital NBFC raises Rs 25 Cr via NCD

BlackSoil Capital NBFC raises Rs 25 Cr via NCD

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’s focus has now shifted to sectors that it expects will rebound faster in the post-COVID-19 era such as healthcare, SaaS, logistics, edtech, agri among others.

Commenting on the funding, 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.”

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.

According to a statement released by the company, this is the company’s third NCD issue this calendar year, taking the total NCDs raised since January to Rs 75 crore from over 100+ investors. Since its inception four years ago, BlackSoil has raised Rs 235 crore across 13 NCD series from over 150 HNI families.

Launched in 2016 by M P Bansal and Ankur Bansal, 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 has disbursed over Rs 1,600 crore across 90+ deals in the last four years. Some of their key investments have been in category leaders including Oyo Rooms, EarlySalary, Chumbak, Lets Transport, Vogo, and Rentomojo.

Source: Yourstory

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Want to Secure Your Instagram Account? Here’r Some Of The Important Tips & Tricks On Instagram To Keep Your Account Safe

In the wake of an apparent hacking spree on social media platforms, many people are thinking about how to protect their Instagram accounts from...

Scattered Hotels: Unintentionally Italy Has Discovered the Ideal COVID-Period Castle!

Middle age designers, abandoned towns, and distant open country - what seems like the elements for a blood and gore film could really be...

Back-to-Back Cyclone Alert: Sign of A New Storm Formation in Bay of Bengal Following the Cyclone Nivar; Estimated to Hit Tamil Nadu-Puducherry Coasts on...

The Center on Friday promised all help to typhoon Nivar-influenced Tamil Nadu with both Prime Minister Narendra Modi and Chief Minister K Palaniswami declaring...

“New India” Officially Entered Into Recession with 7.5% shrink in Economy. Congratulations To PM Modi For Working So Hard For 18 Hours To Achieve...

The Indian economy has Officially hit a Technical Recession, with the Gross Domestic Product (GDP) contracting to 7.5% in the July – September period. The...

Recent Comments

%d bloggers like this: