Debt round venture fund BlackSoil Capital has invested over Rs 12 crores in digital freight forwarding startup Freightwalla, UpMoney NBFC, and D2C affordable fashion player Rapidbox.
Speaking on the investments, Ankur Bansal, Co-founder and Director, BlackSoil said, “We have provided debt funds tailored for these companies to provide cash to meet the growth & working capital needs which are crucial for the fast-paced growth these companies are witnessing.”
“We hope to build upon these relationships to be their long-term partners as they scale manifold in a sustainable manner. Blacksoil is excited with the vast opportunity available for these companies to tap and grow exponentially in the coming couple of years,” Ankur added.
“With this round, BlackSoil has concluded 50 debt transactions to VC-backed growth companies and startups by deploying more than INR 500 Crs in the past 4.5 years,” the statement said.