BlackSoil, an alternative credit platform, has secured ₹550 crore in debt funding in 2024 from multiple banks and institutions.
The firm’s Assets Under Management (AUM) surged by 30% to ₹1,650 crore, driven by its expanding footprint in MSME financing and alternative credit solutions.
In 2024, BlackSoil, including its supply chain financing arm SaralSCF, facilitated total investments of ₹2,300 crores, with disbursements growing over 35% year-on-year. MSMEs remained the core focus, constituting 64% of its portfolio. The company invested in over 50 enterprises while successfully exiting more than 30, reinforcing its commitment to a dynamic and diversified investment strategy.
BlackSoil’s portfolio includes major investments in Moneyview, India’s newest unicorn, along with MobiKwik and Manba Finance, both of which recently went public. Other notable investments span companies such as Chakr, Cellebal, ChaiPoint, Manthan, Progcap, Pahal, CredFlow, Setco, and Parag Milk. The firm also completed successful exits from companies like Jai Kisan, BlueStone, Zoomcar, TVF, Upstox, Cellecor, Cocoblu, and Yatra.
BlackSoil’s investments have had a broad economic impact, supporting 140,000 borrowers, including 13,000 women entrepreneurs and 7,500 MSMEs. Its portfolio health remains strong, with 80% of its companies maintaining EBITDA-positive status. In 2024, its portfolio firms collectively raised over ₹3,600 crore in additional funding.
“At BlackSoil, we envision a future where innovative businesses have seamless access to the capital they need to thrive. Our growth is not just a reflection of financial success but a testament to the transformative impact of alternative credit in fostering sustainable economic development. As India continues its journey towards becoming a global economic powerhouse, we are committed to pioneering financial solutions that empower entrepreneurs, drive inclusive growth, and contribute to the nation’s long-term prosperity,” said Ankur Bansal, Managing Director, BlackSoil.
