Venture debt firm BlackSoil provides Rs 35 cr growth capital to 5 startups

Venture debt player BlackSoil today announced that it has provided Rs 35 crore growth capital in the form of Venture Debt to five startups. These include a two-wheeler vehicle financing company, Orange, marketing automation platform WebEngage, D2C FMCG brand Habanero Foods, a fintech offering personal loans called CASHe and a leading branded generic pharma company.

“These companies have shown tremendous growth in their segments and are backed by experienced management and marquee investors. Their unique business positioning and ability to survive through adversities like Covid is what made these companies attractive propositions for BlackSoil,” said Ankur Bansal, Co-Founder and Director of BlackSoil.