BlackSoil Invests $49 Mn Across 11 Deals In Q4FY24
In Q4FY24, fintech accounted for 37 per cent of its total investments, followed by SaaS/ Deeptech/ IoT at 18 per cent.
BlackSoil, an alternative credit platforms, deployed USD 49 million (Rs 391 crore) across 11 new deals and exited four portfolio companies in Q4FY24 (January to March). The Company’s year-on-year disbursement grew by 110 per cent, and its Assets Under Management (AUM) increased by nearly 50 per cent year-on-year, the firm said in a statement.
In Q4FY24, fintech accounted for 37 per cent of its total investments, followed by SaaS/ Deeptech/ IoT at 18 per cent. During this period, BlackSoil made investments in notable fintech companies such as Rupeek, Werize and OTO. It also exited from prominent companies, such as Freight Tiger, Homeville Group and Koye Pharmaceuticals, where it made debt investments.
BlackSoil’s existing portfolio companies secured a total capital of over USD 100 million in Q4FY24. Additionally, about 90 per cent of its current portfolio companies are EBITDA positive, the statement added.
It also witnessed a 40 per cent rise in disbursement, totalling over USD 118 million
The company exited 18 deals while simultaneously making strategic investments in 36 new deals. 30 of its investees raised a consolidated capital of USD 680 million.
BlackSoil Co-founder and Director Ankur Bansal said, “In Q4FY24, BlackSoil’s strategic investments totalling USD 49 million across 11 ventures reflect our unwavering dedication to fostering growth and innovation. Our prudent investment practices fortify our market standing, underscored by successful exits and strategic investments. As we navigate the landscape of FY25, we remain steadfast in our commitment to driving value and maintaining our upward trajectory. This exceptional year highlights our ability to identify and support niche businesses with immense potential, positioning us as a catalyst for innovation in diverse sectors. BlackSoil continues to lead the charge towards sustainable growth and impactful investments.”
