BlackSoil, an agnostic sector alternative credit platform announced highlights from Q4 numbers for FY21 and it has cumulatively disbursed INR 160 crore via eight debt deals through its credit platform of NBFC and AIFs, signifying year on year growth of over 1.2X as compared to Q4 of FY20 in terms of deals done. It also registered 3X growth as compared to Q3 of FY21. BlackSoil currently manages an alternative credit platform comprising an RBI registered NBFC and three SEBI registered AIFs.
BlackSoil has over the years pioneered in providing distinctive financing resources and has worked extensively with VC backed startups, high growth companies, SMEs, established promoters and reputed developers with tailor made debt products, with a commitment to creating value for all the stakeholders. Over the years, BlackSoil’s focus has been increasingly towards venture debt to VC backed growth companies and structured debt to growth SME companies.
Ankur Bansal, Director, BlackSoil said, “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 and mid-market companies. We have helped multiple growing startups build up their credit history and then raise cheaper funding from banks.”
