BlackSoil NBFC is a flagship subsidiary under BlackSoil Group that secured Rs 200 crore in the debt  funding round. The funding round saw the participation of HNIs, family offices, UHNIs, banks, and  other NBFCs. The company plans to use these debt funds to scale its operations, make its platform  more secure, expand its lender network, and enhance its borrowing capabilities. 

The company got around 60 percent of this funding from new debt investors making its total debt  reach Rs 1,570 crore in June. The startup has secured over Rs 100 crore through its right issue with the  participation of all existing investors. BlackSoil is a non-banking finance company that provides  personalized loaning options and solutions to different financial institutions, emerging corporates,  small businesses, and MSMEs across different sectors. The startup is well-positioned in the lending  sector for new economy businesses, has a cash-flow-focused underwriting approach, and employs a  sector-agnostic approach. The platform facilitates loaning transactions between borrowers and NBFCs  or banks to provide loans and other financial requirements. The startup provides debt to scale  businesses and companies that are not eligible to take debt from other financial institutions and banks.  

This lending startup has around 5 unicorns in its company portfolio including Upstox, Spinny, and  Mobikwik. The company offers debt in different sectors such as agritech, B2B, fintech, healthcare,  consumers, SaaS, and IoT. The firm has expanded its services to new and emerging sectors such as EV,  online travel aggregators, and quick commerce. The Indian startup ecosystem is experiencing an  increase in new businesses and technical advancements. Among this competition, many high-growth  startups face challenges in securing debt from traditional banks due to their high-risk nature. Blacksoil  provides debt to these high-performing startups and helps them scale their business while solidifying  their position in the market. 

The Mumbai-based startup announced a 30 percent YoY growth in its debt funding for this year. The  company offers a network of nine banks and over five non-banking financial companies with more  than 250 HNI families. The supply chain fintech platform, SaralSCF plays a critical role in supply chain  financing by providing a seamless digital experience with timely and efficient financial solutions along  with a user-friendly interface. Blacksoil faces competition from other lending companies including  InnoVen Capital, Vivirti Asset Management, and more. 

Conclusion: 

Blacksoil NBFC is a subsidiary under Blacksoil Group that secured R 200 crore in its debt funding round  with the participation of its family offices, HNIs, UHNIs, financial institutions, banks, and other NBFCs.  This investment shows the trust of investors in Blacksoil’s business model. The startup plans to use  these fresh proceeds to enhance its platform, expand its lender network, and improve its borrowing  capabilities. The company offers an online platform that allows borrowers to connect with various  NBFCs. The startup offers debt to those companies that face challenges in securing debt from  traditional banks due to their high-risk nature. Blacksoil currently operates nine banks and five NBFCs  with over 250 HNIs.