 "Blacksoil Capital lends Rs 15 cr to online fashion retailer eShakti")
Blacksoil’s NBFC arm, Blacksoil Capital, has lent Rs 15 crore ($ 2.3 mn) to US-focused online fashion retailer eShakti.com, which is backed by IDG & Ivy Cap Ventures.
eShakti customises mainstream fashion clothing for American women offering dresses, tops, skirts and pants.
BlackSoil Capital is promoted by three family offices — Shashi Kiran Shetty, promoter of Allcargo Logistics; Gala Group, promoter of Navneet Education; and Mumbai-based realty expert Virendra Gala.
Blacksoil has disbursed $12.5 mn through 11 innovative venture debt deals in its 15 months of operations. So far, it has done 30 deals across real estate, structured debt, venture debt.
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