BlackSoil Realty Fund

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

Alternative credit platform BlackSoil on Monday said it has raised Rs 100 crore, from existing investors and promoters, through a rights issue. BlackSoil is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. The company didn't disclose the ownership structure post the issue but said the latest funding round marks the fourth capital infusion within eight years, bringing its total equity raise to over Rs 250 crore. Additionally, it has secured debt financing of over Rs 1,700 crore from HNIs, banks and other NBFCs. BlackSoil provides customised alternative credit solutions to growth companies, financial institutions, Non-Banking Financial Companies (NBFCs) and Micro, Small and Medium Enterprises (MSMEs) across diverse sectors. BlackSoil has surpassed Rs 5,000 crore disbursement across 214 deals by December 2023. Its portfolio includes investments in high-growth businesses such as Ideaforge, Upsto

Mumbai-based says it is helping start-ups as funding winter continues for sector

Sowparnika caters to the middle-income/affordable segment with an average ticket size of Rs 50 lakh in a project close to key employment centres and IT Hubs

Company that provides debt capital says its assets under management have grown 55% YoY

BlackSoil currently manages an alternative credit platform consisting of an RBI-registered NBFC and three SEBI-registered AIFs

Sheth Developers had received an investment of Rs 30 crore from the fund in Aug 2014

The Mumbai-based fund has made five other investments in the past in Mumbai, Chennai, Bengaluru and Hyderabad