BlackSoil Capital, the Non-Banking Monetary Firm of BlackSoil Group, has raised ₹210 crore in debt within the first half of 2025 (Jan to Jun). The fundraise highlights BlackSoil’s increasing function as a trusted different credit score companion for India’s SMEs and high-growth companies.
Regardless of the continued NBFC disaster and softening sentiment in credit score markets, BlackSoil’s means to mobilise recent capital demonstrates sturdy investor confidence in its sturdy danger administration, diversified granular portfolio, and confirmed monitor report in SME-focused different credit score lending.
The vast majority of the most recent capital elevate got here via Non-Convertible Debentures (NCDs) and co-investments from marquee household workplaces and HNIs. New lenders embody international impression investor GrayMatters Capital and a public sector monetary establishment, alongside repeat participation from three current lenders. This rising base of banks, NBFCs, and institutional companions reinforces BlackSoil’s resilience, borrowing capability and increasing market presence.
The recent capital will gasoline BlackSoil’s SME-focused sector-agnostic lending technique, with SMEs forming 80% of its portfolio throughout AgriTech, ClimateTech, EVs, SaaS, Healthcare, FinTech, and B2B platforms. A key driver is provide chain finance, the place its arm SaralSCF offers tailor-made working capital options to ease liquidity and money circulate gaps for SMEs.
BlackSoil Capital’s SME lending capabilities are set to additional develop via its strategic merger with Caspian Debt, a pioneering impression investor with a deep SME lending franchise. As soon as authorised by the Nationwide Firm Legislation Tribunal (NCLT), the mixed entity will create a complete different credit score platform for SME lending, enhancing BlackSoil’s attain throughout sectors and geographies.
Chirag Shah, President – Fundraising & Technique, BlackSoil, mentioned, “This fundraise reinforces BlackSoil’s differentiated place in India’s different credit score panorama. The demand for non-dilutive, versatile capital is accelerating, notably from SMEs that kind the spine of India’s economic system. With the upcoming merger with Caspian Debt and the rising scale of SaralSCF, we’re doubling down on enabling SMEs to scale sustainably whereas retaining possession.”
The Firm’s portfolio spans ten unicorns and eight publicly listed entities. Within the enterprise section, it contains main names similar to Yatra.com, ideaForge, BlueStone, MobiKwik, Curefoods, Battery Good, Jumbotail, and Moneyview. Within the SME section, the portfolio options Cellecor Devices, Manba Finance, Dar Capital, Parag Milk, amongst others. This diversified publicity displays BlackSoil’s means to again each rising SMEs and class leaders, whereas successfully mitigating danger.
With India witnessing fast digital adoption, SME-driven financial development, and structural shifts within the financing panorama, BlackSoil is well-positioned to proceed unlocking modern credit score options and speed up the following part of SME empowerment.
About BlackSoil
Established in 2016, BlackSoil is another credit score platform comprising an RBI-registered systemically vital NBFC and a SEBI-registered AIF. It offers different credit score debt to Small and Medium Enterprises (SME), rising corporates, monetary establishments, and provide chain finance options for Micro, Small and Medium Enterprise (MSME) channel companions. The credit score options, provided by BlackSoil, are designed to assist fast-growing, scalable and underserved new economic system companies with their short-term financing wants.
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