Debt

Debt financing

BlackSoil extends Rs.40-Cr loan to Fintech lender Indifi

Business Standard  

BlackSoil Capital has extended INR 40 crore in debt funding to Indifi, a technology-driven digital lending platform.Founded in 2015, Indifi provides customized financing to micro, small, and medium enterprises (MSMEs) across sectors including travel, hospitality, e-commerce, retail, and restaurants. Indifi has disbursed over 150,000 loans in more than 400 cities, partnering with over 80 active lending institutions. The company recorded revenues of INR 378 crore in financial year 2025, reflecting a 22 percent year-on-year growth.

Between Oct 2015 and Jun 2023, Indifi had attracted about USD 129 M from Accel India, Elevar Equity, Omidyar Network, British International Investment, Flourish Ventures, DFC, Northern Arc Capital, SIDBI VC, CX Partners, Finnfund, ICICI Venture and others.For FY25, Indifi had reported about INR 94 Cr in Operating Income and about INR 25 Cr in Net Loss.