BlackSoil NBFC Secures Substantial Debt Funding

BlackSoil’s financial arm, BlackSoil NBFC, has successfully procured a substantial debt investment of Rs 208 crore. This capital influx stems from a diverse investor base encompassing high-net-worth individuals, ultra-high-net-worth individuals, family offices, and established financial institutions. Notably, a significant portion (60%) of this funding originated from new investors, bolstering the company’s investor ecosystem.

Financial Fortunes Strengthened

As of June 30, 2024, BlackSoil NBFC’s cumulative debt raised surpasses an impressive Rs 1,570 crore. This accomplishment follows a recent equity infusion of Rs 100 crore through a rights issue, where existing shareholders demonstrated unwavering confidence by participating wholeheartedly.

Robust Investor Support and Expansion

BlackSoil NBFC boasts a distinguished roster of investors, including prominent family offices associated with Allcargo Logistics, Navneet Education, Mahavir Agency, and Florintree Advisors. The company’s strategic focus on expanding its lender network, encompassing a growing number of banks and financial institutions, has significantly augmented its borrowing capacity.

Core Business and Investment Strategy

Founded in 2016 by the visionary duo of Mohinder Pal Bansal and Ankur Bansal, BlackSoil specializes in providing tailored credit solutions to a diverse clientele, including emerging corporations, financial institutions, non-banking financial companies, and micro, small, and medium enterprises across various sectors. The company has solidified its position as a preferred lending partner for innovative businesses, underpinned by a sector-agnostic approach and a rigorous cash flow-centric underwriting methodology.

A Portfolio of High-Growth Ventures

BlackSoil’s investment portfolio boasts an impressive lineup of five unicorns, including prominent names such as Spinny, Upstox, and MobiKwik. The most recent addition to this exclusive club, Spinny, achieved a billion-dollar valuation in 2021.

Diversified Investment Horizons

BlackSoil maintains a carefully curated and diversified investment portfolio encompassing fintech, agriculture technology, business-to-business commerce, consumer goods, healthcare, software-as-a-service, and internet of things. The company has also ventured into emerging sectors such as electric vehicles, rapid commerce, hospitality, and online travel aggregators.

A Track Record of Successful Investments

The company’s investment portfolio showcases a distinguished array of high-potential ventures, including ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, Curefoods, Celbal Technologies, and JCB Salons.

Financial Growth and Expansion

BlackSoil NBFC has demonstrated remarkable financial growth, achieving a substantial 30% year-on-year increase in debt fundraising. The company has cultivated a robust network comprising nine banks, five non-banking financial companies, and over 250 high-net-worth families.

This strategic expansion has fortified BlackSoil’s position as a leading financial services provider, empowering innovative businesses to achieve their full potential.