Debt financing NBFC BlackSoil has invested more than $4.5 Mn in three startups – Blu-Smart Mobility, BigHaat, and LoanTap.
In August last year, BlackSoil had invested INR 20 Cr cumulatively in Loanzen Finance, SV CreditLine (SVCL), and CMS IT Services.
BlackSoil has a credit platform that features an NBFC and 4 AIFs. The company has, so far, invested more than $250 Mn across 120 deals, and has an AUM of more than $80 Mn.
BlackSoil is a backer in 5 unicorns: Udaan, OYO, Zetwerk, Spinny, and the beleaguered Infra.Market, among other startups at multiple stages in their growth. In 2021, BlackSoil had participated in 28 deals.
Ankur Bansal, cofounder and director of BlackSoil said, “We are excited to take exposures in these high growth sectors via these investments, with Blu-Smart and BigHaat being BlackSoil’s foremost bet in the sustainability-focused segments namely e-mobility and agri-tech.”
The Startups BlackSoil Invested In
Blu-Smart Mobility is a ride-sharing platform, with a catch – the company only has electric cars in its fleet. Founded by Anmol Jaggi and Punit Goyal in 2019, Blu-Smart Mobility has the complete stack of e-mobility; smart mobility, smart charging, and smart parking.
Headquartered in Delhi-NCR, the company has a fleet of more than 1,000 all-electric vehicles and also features 10 charging stations along with more than 250 charging points at those stations. Blu-Smart Mobility has also seen more than 1 Mn trips to date.
The startup has investors the likes of bp Ventures (the investment arm of British Petroleum), Mayfield Fund, 9Unicorns, Venture Catalyst and several HNIs, having raised $36 Mn so far.
The latest funding round took place in 2020 when Blu-Smart had raised $7 Mn in funding from multiple investors including Inflections Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhattisgarh Investments Ltd, Jain International Trade Organization (JITO) Angels, Lets Venture Fund and Kaplavriksh Fund.
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Posted by Inc42 on Mar 24 | https://bit.ly/38l7Dhx