[Funding alert] Alternative credit platform BlackSoil invests Rs 10 Cr in Sreyas Holistic Remedies yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Digital marketing firm LS Digital, formerly Logicserve Digital, saw a 35% revenue increase to Rs 695 crore in FY23 due to market growth, new business wins, and strategic expansion. Expenses surged 32% to Rs 669 crore, with advertising costs at Rs 598 crore. Net profit tripled to Rs 18.4 crore. LS Digital focuses on media, UI/UX, creative and communication, data and analytics, CX, and technology. Acquisitions have boosted capabilities.
Blacksoil invests over Rs 160 crore across 8 deals in March quarter
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Synopsis
Over the years, BlackSoil’s focus has been increasingly towards venture debt to VC-backed growth companies & structured debt to growth small and medium enterprise (SME) companies.
ET Bureau
Alternative credit platform BlackSoil Capital has disbursed over Rs 160 crore through eight transactions through its non-banking finance company (NBFC) and Alternate Investment Fund (AIF) in the March quarter, up 1.2 times from a year ago. The company has registered 3 times growth sequentially.
“The fourth quarter of the last financial year has been extremely fulfilling for us with regards to the prevailing situation in the country. The number truly shows us that the business has started coming back to track and started adapting to the new normal. We take advantage of our deep know-how to identify future bankable companies as well as offering structured credit solutions for next-gen SME & mid-mar