Debt

Debt financing

BlackSoil invests $4.5 M in Blu-Smart Mobility, BigHaat, LoanTap

INC42  

Debt financing non-banking finance company BlackSoil has invested more than USD 4.5 million in three startups – Blu-Smart Mobility, BigHaat, and LoanTap. Delhi-headquartered Blu-Smart Mobility is a ride-sharing platform using only electric cars in its fleet. Founded by Anmol Jaggi and Punit Goyal in 2019, Blu-Smart Mobility offers smart mobility, smart charging, and smart parking. The company has a fleet of more than 1,000 electric vehicles and also features 10 charging stations along with more than 250 charging points at those stations. BigHaat is a Bengaluru-based agritech company that provides integrated agriculture supply chain solutions and gives farmers agri-inputs along with crop advisory services and provides output market linkage services to the farmers. Founded in 2015 by Satish Nukala and Sachin Nandwana, the startup features more than 7,000 SKUs of agri-inputs, with a service region consisting of more than 13,000 pin codes. The startup also uses its farmers' network for its output market linkage business, where the startup focuses on high-value crops such as spices and select grains. Pune-based LoanTap is a lending tech company with its own NBFC, which helps the startup deliver credit products to its users. Founded in 2016 by Vikas Kumar and Satyam Kumar, LoanTap offers a wide range of solutions, with ticket sizes ranging from USD 400 to USD 20,000 with tenures from 12-60 months.