BlackSoil raises Rs 100 crore in equity funding to enhance credit profile and strengthen borrowing capacity.
Mar 11, 2024•over 1 year ago
Amount Raised
$100 Million
Investors
Florintree AdvisorsMahavir AgencyNavneet EducationAllcargo Logistics
Description
BlackSoil, the alternative credit platform, raised Rs 100 crore in equity funding through a rights issue with participation from existing Indian investors and family offices. The funds will be used to enhance the credit profile and strengthen borrowing capacity.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech