By Team Startupcity | Tuesday, 16 March 2021, 12:03 Hrs
New age credit platform, BlackSoil Capital Pvt Ltd (NBFC) has successfully raised yet another round of secured debentures of INR 22 Crore through private placement to family offices & HNIs. The venture debt ecosystem is still under-penetrated and Blacksoil is one of the leading players in the ecosystem. This marks the final NCD raise of FY21 & is in continuation with the series issued in the months of August & December-20. The NBFC has managed to raise INR 80 Crore this FY.
The funds raised through this NCDs issue will be utilized primarily for lending activities i.e. it will be used to fund primarily growth startups & MSMEs. Since its inception 4.5 years ago, BlackSoil has raised a total of INR 287 Crs via multiple NCD issues and ~30% of the same has been repaid back as well.