BlackSoil, an alternative credit platform disburses Rs 220 crore ($28 million) in the first quarter of FY25. This period saw the company investing in seven new businesses, completing ten transactions in total, and successfully exiting from five companies. BlackSoil's Assets Under Management (AUM) showcased remarkable growth, surging by 40 per cent year-on-year.
The company strategically allocated investments across high-growth sectors, with 36 per cent directed towards the consumer sector, 34 per cent to financial institutions, and 29 per cent to SaaS, DeepTech, and IoT. BlackSoil's portfolio diversification strategy continues to be a key focus, evidenced by its recent investments in notable companies such as Celebal Technologies, Leverage Edu, and JCB Salons. Additionally, BlackSoil exited from significant investments, including Cashe, PlayShifu, and WEGoT.
Ankur Bansal, Co-Founder and Director of BlackSoil, emphasises the company's performance, stating, “Our Q1 FY25 results underscore BlackSoil's strategic vision and adaptability, as we continue to identify and capitalize on emerging market opportunities. The 40 per cent year-on-year growth in our AUM is a testament to the strength of our investment strategy and the quality of our portfolio companies. We are dedicated to fueling innovation and growth across diverse sectors, while maintaining a balanced approach to risk and return. Our success in executing strategic exits alongside new investments demonstrates our agility in navigating market dynamics.”
During Q1 FY25, BlackSoil's portfolio companies collectively raised Rs 541 crore ($67 million), with 70 per cent of the portfolio maintaining EBITDA positive status. This robust performance across the portfolio reinforces BlackSoil's reputation as a discerning investor in high-potential ventures.
Looking ahead, BlackSoil is poised to capitalize on emerging opportunities in the alternative credit space, leveraging its expertise in identifying and nurturing high-growth companies across diverse sectors.
Established in 2016, BlackSoil is an alternative credit platform comprising an RBI-registered systemically important NBFC and a SEBI-registered AIF. The company offers credit to growth companies, financial institutions, and NBFCs. BlackSoil has built a quality loan book with investments in high-growth enterprises such as Ideaforge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Purplle, Curefoods, and HomeLane. With over 110 employees, BlackSoil is headquartered in Mumbai.
