BlackSoil Raises Maiden Secured Alternate Investment Fund, Plans To Invest In Startups
BlackSoil, an Alternative credit platform, has raised Rs 110 crore for its maiden secured alternate investment fund (AIF), BlackSoil India Credit Fund (BICF).
The platform with this fund aims to solve the problem of access to finance for high-growth innovative companies. Also, BlackSoil will be using the funds to differentiate credit strategy comprising venture and structure debt, and target startups across mid and growth stages.
BlackSoil also plans to raise a total of Rs 350 crore and complete over 30 deals, with an average ticket size of Rs 10-20 crore per investment.
Talking about startups, Co-founder Ankur Bansal said,
“We are seeing a strong pipeline of startups across technology, healthcare, enterprise, and consumer segments with a need to finance their growing businesses, which will continue to grow in the coming years.”
Being a Sector-agnostic platform, BlackSoil has deployed Rs 950 crore in the last four years, across 70 plus transactions.
A few of BlackSoil’s portfolio companies include OYO Rooms, LetsTransport, Chumbak, Vogo, Spinny, Rentomojo, and edtech startup iNurture, among others.
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