Alternative credit platform BlackSoil raises Rs.100-Cr from existing investors

Mumbai-headquartered alternative credit platform BlackSoil has raised INR 100 crore from existing investors and promoters, through a rights issue. BlackSoil is backed by Florintree Advisors and family offices of Allcargo Logistics, Navneet Education and Mahavir Agency.The latest funding round marks the fourth capital infusion in eight years, bringing its total equity raise to over INR 250 crore. The firm has also secured debt financing of over INR 1,700 crore from high-networth individuals, banks and other non-banking financial companies (NBFCs).