Get All Access for $5/mo

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.
Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Growing a Business

6 Effective Strategies to Secure Funding

Use these six proven strategies to secure the funding you need.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Business News

In Just 3 Words, Kevin O'Leary Offers a Grim Outlook on Interest Rates and Inflation

The "Shark Tank" star appeared on Fox Business' "Sunday Night in America with Trey Gowdy" and said it is "hard to see" mortgage rates dropping any time soon.

Business News

Toyota Loses Over $15 Billion in Market Value After Investigation

The company was accused of falsifying engine test results that stopped shipment on three vehicle models earlier this year.

News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.