Merchant SaaS platform Mintoak is set to raise Rs 80 crore in debt from BlackSoil to fund the acquisition of Dubai-based customer loyalty management platform Innovative Consumer Concepts (ICC Loyalty). This will be the second acquisition for the Mumbai-based firm in the past year.
Mintoak’s board has passed a resolution to approve the issuance of up to 1,600 Non-Convertible Debentures (NCDs) at a face value of Rs 5 lakh each to raise Rs 80 crore, according to its filing with the Registrar of Companies.
Innovative Consumer Concepts (ICC Loyalty) is…

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