HomeNewsBlackSoil invests $4.5 Mn of growth capital in Blu-Smart Mobility, BigHaat & LoanTap

BlackSoil invests $4.5 Mn of growth capital in Blu-Smart Mobility, BigHaat & LoanTap

Reader's Pick

Leading venture debt player BlackSoil Capital today announced that it has provided $4.5+ Mn of growth capital to three distinguished startups. The startups are namely Blu-Smart Mobility-an electric shared mobility platform, BigHaat-an Agri inputs digital marketplace platform, and LoanTap- a fintech offering personal loans.

Commenting on the same, Ankur Bansal, Co-Founder & Director of BlackSoil said, “All our new partners have shown tremendous resilience and bounced back from the pandemic to enter a new phase of growth. We are happy to support them and hope our capital will contribute to helping them reach the next level. They have unique value propositions and business models which have garnered the support of marquee institutional investors and made them an attractive investment opportunity for BlackSoil as well. We are excited to take exposure 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.”

Blu-Smart Mobility is a ride-hailing platform that operates on all-electric cars only, founded by Anmol Jaggi and Punit Goyal, covering the entire value chain of smart mobility, smart charging & smart parking. The company was founded in 2019 & operates in the Delhi NCR region. It has set up 10 charging hubs which have a total of 250+ charging guns, has a fleet of 1,000+ all-electric vehicles, and has cumulatively recorded 1+ Mn trips to date. Blu-Smart is backed by an array of marquee equity investors like bp Ventures (The investment arm of British Petroleum), Mayfield Fund, 9Unicorns, Venture Catalyst & several sophisticated HNIs, having raised $36 Mn to date. 

BigHaat is a Bangalore-based Agritech company that provides integrated digital-first agriculture supply chain solutions and empowers farmers with accessibility to high-quality agri-inputs along with crop advisory services and provides output market linkage services to these farmers. Founded in 2015, the company applies science, data, and technology to provide personalized technical crop advisory in vernacular content to farmers. Along with providing access to over 7,000 SKUs of a wide range of high-quality inputs and catering to farmers in 13,000+ pin codes of the country. It leverages its deep entrenched farmer network for its output market linkage business where the company is focused only on high-value crops like spices and selected commodities in grains. Recently it raised ~$15 Mn from JM Financial and existing investors Beyond Next Ventures. Other investors of the company include Ankur Capital and RockStud Capital who have supported the Company through multiple rounds of investment.

- Advertisement -

LoanTap Credit Products is a homegrown, hyper-growing digital lender with its own NBFC, committed to delivering fast, flexible, friendly personal loans to its audience. Founded in 2016, Loantap is a Pune-based, RBI-registered, fin-tech NBFC, that intends to provide a seamless consumer experience from application to disbursal. LoanTap offers an array of digital lending solutions wherein the ticket sizes range from $400 to $20,000 with tenors typically ranging from 12 to 60 months.

Currently, their operations are widely spread across 22+ cities and use its proprietary underwriting algorithms for ensuring a loan approval TAT of fewer than 2 days. The company’s tech platform ‘LT-Flow’ enables lenders to source, share risk (co-lend), underwrite, plug-in capital, and manage loans. With the help of LT Flow, entities can easily start digital KYC, NACH, and agreement, along with AI-powered credit decisions, thus seamlessly operating end-to-end digital lending.

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

“This is Not A Bailout” Minister Karin Keller-Sutter on UBS Credit Suisse Takeover

Speaking about the merger of UBS and Credit Suisse, Switzerland Finance Ministe...

Google faces heat from U.S Senate Committe due to Privacy Violations

Tech giant Google will now acknowledge its mistakes on privacy issues in a test...

Interview: Muthoot Finance Dy MD Alexander George says, “Monthly customer transactions double to 8.25 lakh”

In an interview with TechGraph, Alexander George Muthoot - Deputy Managing Dire...