Debt

Debt financing

BlackSoil invests over $8-M in 3 start-ups

MoneyControl  

Venture debt firm BlackSoil has invested over USD 8 million in Tonbo Imaging, PARAS ARC, and Dar Credit. This is part of the firm's focus on the deeptech and financial services sectors. Bengaluru-based Tonbo is an indigenous manufacturer of advanced electro-optics solutions for military and commercial applications. Tonbo develops EOIR systems for tactical, land, naval, and aerial applications. PARAS is the first South India-based ARC (asset reconstruction company) To date, the company has an AUM (assets under management) of over USD 175 million. Dar Credit is an RBI-registered NBFC that provides unsecured personal loans to the employees of municipalities and MSME loans primarily to women entrepreneurs. The company has 23 branches across six states (Rajasthan, Madhya Pradesh, West Bengal, and more). It currently has an AUM of over USD 15 million and over 20,000 active borrowers.