Fund News
Venture debt co.Blacksoil raises Rs.550-Cr in 2024; to focus on climate tech, structured financing
Alternative credit platform Blacksoil has raised INR 550 crore in 2024 from multiple banks and institutions. Alongside its merger with Caspian, the firm is doubling down on impact financing, particularly in climate tech, and expanding its structured funding solutions for mid-sized startups seeking acquisitions.The company aims to maintain a steady 30% year-on-year growth in assets under management (AUM) and disbursements. Since FY17, Blacksoil Group’s AUM has grown from INR 100 crore to INR 1,650 crore, excluding the impact of the Caspian merger. With the merger, the AUM will surpass INR 2,300 crore.
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