The firm stated 70 p.c of the funds have been raised from present buyers and that the funds will likely be deployed in mid- and progress-stage entities throughout sectors within the startup ecosystem.
A enterprise debt platform centered on structured and actual property debt, Blacksoil (Non-Banking Financial Company) has raised Rs 32 crore through non-convertible debentures to finish securing Rs 100 crore of investments in 2020. The three-12 months NCDs have been issued to greater than 60 buyers on a personal placement foundation. The firm stated 70 p.c of the funds have been raised from present buyers.
The funds will likely be deployed in mid- and progress-stage entities throughout sectors within the startup ecosystem.
Since 2016, BlackSoil has raised Rs 265 crore through 14 NCD points and 45 p.c of the quantity has been repaid.
BlackSoil has everlasting capital within the type of fairness raised from household workplaces. It is sponsored by household workplaces, together with Chairman of AllCargo Logistics Shashi Kiran Shetty, and Managing Director of Navneet Education Ganesh D Gala.
In one other growth, in December 2020, BlackSoil has made a Rs 4 crore enterprise debt funding into Awign Enterprises Private Limited. The NBFC has deployed Rs 1,400 crore within the final 4 years throughout 90 plus transactions. Some of BlackSoil’s portfolio corporations embody hospitality unicorn OYO Rooms, rental startup Rentomojo, design-led life-style model Chumbak, bike-rental startup Vogo, rental used automotive retailing platform Spinny, logistics startup LetsTransport, edtech startup iNurture, Purplle, Zetwerks, Koye Pharma and TVF amongst others.
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