Venture credit firm BlackSoil’s investments jump 2.5 times in 2021

BlackSoil Capital Pvt Ltd said on Wednesday that it invested $ 80 million in 20 deals in 2021, growing 2.5 times higher in value and 1.8 times higher in terms of investment volume in 2020.

The local venture debt firm added that outflows increased 1.6 times in volume and 1.3 times in value in 2021 compared to CY2020, and recorded 24 outflows. The pandemic provided favorable winds for debt, which helped the company achieve that growth, BlackSoil said.

The venture credit firm loaned about 20% of its existing holding companies during the year, BlackSoil said.

“During calendar year 2021 (calendar year 2021), the focus was on the first growth sectors of the new digital age such as financial services, including Fintech, B2B Commerce, Healthcare and D2C (direct -to-consumer) and B2C (business-to-consumer) which together accounted for more than 50% of BlackSoil’s investment in terms of value ”, says Ankur Bansal, co-founder and director of BlackSoil.

During the year, BlackSoil said it raised more than $ 15 million from 100 HNI (high net worth people) and UHNI (high net worth people) and family offices. According to BlackSoil, the strategy for deploying these funds will be consistent with 2021, and the risky debt company will continue to invest in B2B (business-to-business), technology, enterprise SaaS (software-as- a-service), fintech. , healththech, agritech, edtech, clean energy and D2C companies.

BlackSoil, which operates an alternative credit platform, has deployed more than $ 220 million on more than 115 transactions. The company has invested in unicorns, including Infra.Market, Zetwerk, Udaan, and Oyo. The company has also invested in Furlenco, which recently rebranded itself as House of Kieraya, the online cosmetics marketplace Purplle, among others.

This year, the risky debt fund has already invested in two companies. BlackSoil has invested LivFin India Pvt. Ltd, a FinTech company focused on small and medium-sized enterprises (SMEs). The local venture capital debt fund also participated in a $ 250 million fundraiser through convertible notes and Udaan debt, owned and operated by Hiveloop Technology Pvt Ltd.

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