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.
BlackSoil NBFC raises Rs 22 crore via NCDs in March
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The funds raised through this NCDs issue will be utilized primarily for lending activities to fund primarily growth startups and MSMEs.
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Since its inception 4.5 years ago, BlackSoil has raised a total of Rs 287 crore via multiple NCD issues and 30% of the same has been repaid back as well.
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The NBFC has managed to raise Rs 80 crore this financial year.
The funds raised through this NCDs issue will be utilized primarily for lending activities to fund primarily growth startups and MSMEs.
Since its inception 4.5 years ago, BlackSoil has raised a total of Rs 287 crore via multiple NCD issues and 30% of the same has been repaid back as well.
[Funding alert] BlackSoil NBFC raises Rs 22 Cr via NCDs to invest in growth startups, MSMEs
With this round, the non-banking financial services firm has managed to raise around Rs 80 crore in the current financial year, the company said.
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BlackSoil Capital Pvt Ltd
(NBFC) on Tuesday said it has raised
Rs 22 crore by issuing secured debentures to family offices and high net worth individuals on a private placement basis.
With this round, the non-banking financial services firm has managed to raise around Rs 80 crore in the current financial year, the company said. The funds raised through this NCDs issue will be utilised primarily for lending activities. It will be used to primarily fund growth startups and MSMEs, BlackSoil said in the statement.
The NCDs were issued on a private placement basis, and the funds raised through this issue will be utilised primarily for lending activities of the company.