Debt funding firm BlackSoil raised $30 million from family offices, UHNIs/HNIs and investment institutions. The alternative credit platform will target mid and growth-stage startups via its debt products.
BlackSoil is a sector-agnostic credit platform with an NBFC and four AIFs that has participated in over 130 transactions and deployed more than $300 million. During FY22, the debt financing platform invested more than $90 million in 30 companies from various industries. So far, BlackSoil has invested in nine unicorns, including Purplle, OYO Rooms, Udaan, and others.
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