BlackSoil Capital, an alternative credit platform, has raised a ₹200 crore (approx. $22 million) in debt funding from Impact Fund Denmark, the Danish development finance institution.
The funds raised will be used to support its climate adaptation and mitigation initiatives, while expanding access to credit for low-income communities and underserved segments of the economy. A significant portion of the capital will be directed towards climate-aligned enterprises and financial institutions operating especially in Tier-2 and Tier-3 markets, with a focus on women-led businesses in structurally underserved sectors.
The funding will enable BlackSoil to increase its exposure to renewable energy adoption, climate-smart agriculture, sustainable supply chains, circular economy solutions, and inclusive finance models.
Established in 2016, BlackSoil is an alternative credit platform comprising an RBI-registered systemically important NBFC and a SEBI-registered AIF.
The platform provides alternative credit and supply chain financing solutions to fast-growing and underserved new-economy businesses across short- and long-term capital needs. Its portfolio includes eleven unicorns and fourteen publicly listed companies.
BlackSoil integrates ESG principles across its investment lifecycle, with a focus on responsible capital deployment, financial inclusion, and sustainable economic growth.
With Assets Under Management (AUM) of $250 million and an A- (Stable) / A2+ rating from ICRA, BlackSoil has built a strong underwriting and repayment track record serving MSMEs, emerging corporates, and financial institutions across India and Southeast Asian Markets.
It is backed by leading global DFIs and institutional investors, including FMO, Gray Matters Capital, and Triodos Investment Management, along with the family offices of Allcargo Logistics, Navneet Education, and Mahavir Agency.
Ankur Bansal, Managing Director, BlackSoil Capital, said, “This facility from Impact Fund Denmark reflects growing global confidence in India’s alternative credit ecosystem. It affirms BlackSoil’s ability to channel capital into high-impact sectors, reinforcing our position at the intersection of alternative credit, climate action and inclusive growth. There is a significant credit gap for climate-focused enterprises and inclusive lenders. This partnership strengthens our ability scale across domestic markets, support MSMEs and new-economy companies, and deploy capital aligned with India’s climate and inclusion priorities.”
Lars Bo Bertram, CEO, Impact Fund Denmark, said, “Green growth requires capital. With this investment, we are helping companies in India access the financing they need to grow and bring more green businesses to market.”
