BlackSoil NBFC, an alternative credit platform and a flagship arm of BlackSoil Group, has secured equity capital of $12 million from its existing Indian investors and family offices through a rights issue. This infusion of funds aims to enhance BlackSoil NBFC’s credit profile, bolster its borrowing capabilities, and fuel its growth trajectory, according to a press release issued by the company.

Backed by investors and family offices of prominent entities such as Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors, BlackSoil NBFC’s latest funding round marks its fourth capital infusion within eight years. With this round, the total equity raised by the company amounts to approximately $30 million.

Additionally, BlackSoil NBFC has also secured debt financing exceeding $200 million from High Net Worth Individuals (HNIs), banks, and others. BlackSoil NBFC specializes in providing alternative credit solutions to a diverse clientele comprising growth companies, financial institutions, Non-Banking Financial Companies (NBFCs), and Micro, Small, and Medium Enterprises (MSMEs) across various sectors.

At the group level, BlackSoil has facilitated disbursements exceeding $600 million across 214 deals by December 2023. Its portfolio boasts prominent names such as ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Dunzo, Purplle, Mobikwik, and Cure Foods.

In 2023, BlackSoil witnessed a robust 30% year-on-year growth in Assets Under Management (AUM) and deployed approximately $200 million across 63 deals while exiting from over 20 deals during the same period.

The company also highlighted that its portfolio companies collectively raised equity capital worth $800 million in the previous year, with notable achievements including the stock exchange listings of Yatra, ideaForge, and Cellecor.