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.

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“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.