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BlackSoil Capital raises Rs 25 Cr via NCD

Credit platform Blacksoil Capital has raised Rs 25 Cr from 60+ investors through private placement of Non-convertible Debentures (NCDs), which is issued for a tenor of three years. BlackSoil Capital is claimed to be one of the first venture debt platforms in India that has been raising NCDs for d

BY Realty Plus
Published - Aug 25, 2020 5:16 AM

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Credit platform Blacksoil Capital has raised Rs 25 Cr from 60+ investors through private placement of Non-convertible Debentures (NCDs), which is issued for a tenor of three years. BlackSoil Capital is claimed to be one of the first venture debt platforms in India that has been raising NCDs for deployment in the venture debt market at the group level. Structured as an NBFC, BlackSoil focus primarily on venture debt as well as structured and real estate debt. BlackSoil's focus has now shifted to sectors that it expects will rebound faster in the post-COVID-19 era such as healthcare, SaaS, logistics, edtech, agri among others. According to the company, this is the c third NCD issue this calendar year, taking the total NCDs raised since January to Rs 75 crore from over 100+ investors. Since its inception four years ago, BlackSoil has raised Rs 235 crore across 13 NCD series from over 150 HNI families.

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