BlackSoil raises Rs 180-Cr via debt

Venture Debt investor BlackSoil has raised Rs 180 Crs through non-convertible debentures (NCDs), bank debt & other instruments for its NBFC unit. The NCDs are 3-year tenure products, raised from UHNIs, HNIs & Family Offices, of which the majority are repeat investors. The capital raised through the latest fundraise will be deployed predominantly for lending activities, across a variety of debt products, to fund mid and growth-stage enterprises in the startup ecosystem.