Debt

Debt Financing

BlackSoil invests Rs.20-Cr in Loanzen Finance, SV Creditline and CMS IT Services

MyBigPlunge  

Venture debt firm BlackSoil has invested over INR 20 crore cumulatively in used commercial vehicle financing NBFC Loanzen Finance, microfinance NBFC SV Creditline and IT services provider CMS IT Services. Bengaluru-based Loanzen primarily finances individuals (drivers) and first-time buyers of used commercial vehicles. The NBFC is backed by PE-VC investors Zephyr Peacock and Kae Capital. SV Creditline is a Gurugram-based microfinance NBFC primarily lending through joint lending groups to financially underserved rural and semi-urban regions of northern India. It is stated to have more than INR 500 crore of AUM catering to 2.5 lakh active customers through 149 branches in 9 states. Bengaluru-based CMS IT offers managed IT and system integration services. With an employee strength of 5,500 the company serves over 225 government and private sector clients across industry verticals such as banking, insurance, manufacturing, services, healthcare, media and telecom.