News Post

BlackSoil NBFC raises $12M in equity capital from existing backers

IndianStartupNews

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BlackSoil NBFC, a subsidiary of BlackSoil Group, has raised Rs 100 crore ($12 million) through a rights issue from existing Indian investors and family offices. The funding will boost the company's credit profile, enabling it to increase borrowing capabilities and drive growth. This marks the fourth investment in BlackSoil NBFC, bringing the total to over Rs 250 crore ($30 million). The firm is supported by well-known investors and family offices, including those associated with Allcargo Logistics and Navneet Education. BlackSoil provides alternative credit solutions to various sectors, including growth companies and NBFCs.

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