On Tuesday, BlackSoil, the credit platform, raised about Rs 180 crore through non-convertible debentures (NCDs), bank debt, and other instruments.

The tenurity of NCD raised from ultra-high net worth individuals (UHNIs), high net worth high-net-worth individuals (HNIs) and family offices. As per the company statement, the capital has been raised, and the latest fundraise will be deployed predominantly for lending activities. This fund is used for the startup of the ecosystem.

• Coal India, AMNS Sign MoU on Syn-Gas at Paradip Plant
• HAL Hits 52-Week High of Rs 5,055 on Strong Q1 Results
• MP Approves Rs 1,757 Crore Bhopal-Vidisha Road Project
• Nvidia Reportedly Developing 1 Trillion-Parameter AI Model
• West Coast Paper Hits 52-Week High on Strong Q1 Profit

“This fundraiser will not only help us reach our investment goals but is a testament to our track record. Our investor network has continued to show immense faith in us since ~65 per cent comprise repeat investors who have been subscribing & investing over the years and remain bullish on our progress,” said Ankur Bansal, director and co-founder BlackSoil Capital.

“Despite the global events of the last couple of years, BlackSoil has witnessed tremendous growth. We strive to continue this growth path and become the lender of the first choice for high growth, innovative startups. We already have an exciting pipeline of investments across diverse sectors lined up for FY23,” said Bansal.