BlackSoil, a leading alternative credit platform, has announced its latest investments of Rs 233 Crore (USD 29 Million) in Q2 FY25. The funding was disbursed across 11 portfolio companies, covering key sectors like financial institutions, healthcare, logistics, and consumer businesses.
Of the 11 investments, 7 were new portfolio companies, while 4 were recurring clients. This mix reflects BlackSoil’s approach to expanding its client base and maintaining strong, long-term relationships with existing companies.
Growth in Assets Under Management
BlackSoil’s Assets Under Management (AUM) grew by approximately 25% year-on-year, thanks to its steady and consistent investment activities. The company also achieved 11 exits during the quarter, demonstrating its successful portfolio management and ability to deliver returns.
The top sectors for BlackSoil’s investments this quarter included Financial Institutions, SaaS/DeepTech/IoT, and Consumer. Among the company’s notable exits were Upstox, Yatra, Jai Kisan, HealthPlix, and Mozark, all of which show the company’s diverse and high-impact investment portfolio.
Strategic Vision for Growth
Ankur Bansal, Managing Director of BlackSoil, expressed optimism about the company’s performance, stating, “This quarter’s investments across various sectors reflect our ongoing commitment to empowering high-growth startups. With the upcoming merger with Caspian Impact Investments, we look forward to further strengthening our market position.”
Raising Funds for Future Growth
Collectively, BlackSoil’s portfolio companies have raised over Rs 2,100 Crore ($260 Million) in the first half of FY25, proving the firm’s ability to back strong ventures and identify promising opportunities in the alternative credit space.
