BlackSoil NBFC secures Rs 180 Crores via NCDs – TechGraph

BlackSoil has raised Rs 180 Crore through non-convertible debentures (NCD), bank debt and other instruments for its NBFC.

NCDs are 3-year term products, drawn from UHNIs, HNIs and Family Offices, the majority of which are repeat investors. Along with NTMs, funds were collected from banks and other institutions.

The capital raised through the latest fundraising will be deployed primarily for lending activities, through a variety of debt products, to fund mid-stage and growth-stage companies in the startup ecosystem.


NBFC has established an exclusive network of more than 200 wealthy families and businesses, who have shown their support by subscribing to several NCD broadcasts by the company over the past few years.

NBFC’s unique NCD program has allowed him to raise ₹420+ Crs across multiple rounds. The company has managed to reduce its cost of capital thanks to an improving credit profile, which has allowed it to quickly raise funds at competitive rates.

Speaking on the funding, Ankur Bansal, Director and Co-Founder of BlackSoil Capital, said, “Despite the global events of the past two years, BlackSoil has continued to experience phenomenal growth. We strive to continue on this path of growth and become the lender of choice for high-growth, innovative startups. We already have an exciting pipeline of investments across various sectors planned for FY23.”

“This fundraising will not only help us achieve our investment objectives, but is a testament to our track record. Our network of investors has continued to show immense confidence in us as 65% are repeat investors who have subscribed and invested over the years and remain optimistic about our progress,” added Bansal.

BlackSoil NBFC secures Rs 180 Crores via NCDs – TechGraph

Source link BlackSoil NBFC secures Rs 180 Crores via NCDs – TechGraph

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