Ending Soon! Save 33% on All Access

Alternative Credit Platform BlackSoil Invests USD 49 Mn in 30 Deals in Q4 The Mumbai-based firm's portfolio includes enterprises like Ideaforge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, and Curefoods.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Ankur Bansal, Co-Founder and Director of BlackSoil

Alternative credit platform BlackSoil announced that it has deployed USD 49 million (INR 391 crore) across 30 deals out of which 11 are new ones. It has also exited four portfolio companies in Q4 FY24.

The company said that its year-on-year disbursement grew by 110%, and its assets under management (AUM) increased by nearly 50% year-on-year.

Ankur Bansal, Co-Founder and Director of BlackSoil, said, "In Q4 FY24, BlackSoil's strategic investments totaling USD 49 million across 11 ventures reflect our unwavering dedication to fostering growth and innovation. Our prudent investment practices fortify our market standing, underscored by successful exits and strategic investments. As we navigate the landscape of FY25, we remain steadfast in our commitment to driving value and maintaining our upward trajectory."

BlackSoil's investment approach places a strong emphasis on sector diversification; in Q4, fintech accounted for 37% of all investments, followed by SaaS/Deeptech/IoT at 18%. Prominent fintech companies like Werize, OTO, and Rupeek received investments from BlackSoil.

It also exited companies such as Freight Tiger, Homeville Group, and Koye Pharmaceuticals, where it made debt investments.

In addition, the company mentioned that several of its existing portfolio companies achieved noteworthy milestones, with nine investees raising a total capital of over USD 100 million in Q4 FY24. About 90 percent of its current portfolio companies are EBITDA positive.

Established in 2016, BlackSoil offers credit to growth companies, FIs, and NBFCs. The Mumbai-based platform claims that it has built a quality loan book consisting of top-notch investments and deployed around USD 390 million across 176 deals.

Ideaforge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, and Curefoods are some of its portfolio companies.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Technology

2024 the Year Of AI PC: Microsoft

Microsoft has taken a giant leap in today's AI driven environment by introducing a dedicated copilot key to the keyboard

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.