BlackSoil

BlackSoil operates an alternative lending platform supporting emerging new economy enterprises with debt financing options for business growth, operations development, and meeting financial goals.

Ankur Bansal

Co-Founder

Mohinder Bansal

Founding Partner

Past deals in India

Curefoods

Debt Financing in 2025
Curefoods is a prominent cloud kitchen chain in India, operating over 200 kitchens and managing multiple food brands. It offers diverse cuisines through EatFit, Yumlane, Aligarh House Biryani, MasalaBox, Paratha Box, and other acquired or collaborated brands. Curefoods aims to provide customers with varied food options while ensuring quality and sustainability.

MobiKwik

Debt Financing in 2024
MobiKwik is a fintech company offering payment solutions for consumers and merchants. It provides services including payments, digital credit, and investments, utilizing big data analytics and machine learning to enhance user experiences.

Zetwerk

Debt Financing in 2024
Zetwerk is an end-to-end manufacturing supply chain solutions provider. It operates an online marketplace connecting large manufacturers with vendors and suppliers for customized products used in industrial machines and equipment. The company offers items such as crane parts, doors, machine chassis, ladders, and services in fabrication, machining, casting, and forging. Zetwerk facilitates collaboration tools for buyers and suppliers, execution tools for order fulfillment, and plans to host a third-party apps marketplace. Headquartered in Bengaluru, Karnataka, India, the company was founded in 2018.

DeHaat

Debt Financing in 2024
DeHaat is a technology-driven platform dedicated to providing comprehensive agricultural services to small farmers in India, aiming to enhance the efficiency of the agricultural value chain. The company connects farmers with essential resources, including seeds, fertilizers, and equipment, through a network of trained micro-entrepreneurs. Registered farmers benefit from direct access to competitive agricultural inputs and receive personalized crop advisory services and monitoring support in their local language. Additionally, DeHaat facilitates the sale of farm produce to institutional buyers, ensuring farmers can reach markets effectively. Farmers can communicate their needs for agricultural inputs or services through a toll-free number or mobile application, receiving last-mile assistance from assigned micro-entrepreneurs. By leveraging artificial intelligence-enabled technologies, DeHaat seeks to optimize supply chain and production efficiency, ultimately supporting farmers in increasing their revenue throughout the year.

BluSmart Mobility

Series A in 2023
BluSmart Mobility provides an intelligent electric shared mobility platform for efficient and sustainable transportation. Its mission is to transform Indian cities by developing a comprehensive electric on-demand mobility solution.

BluSmart Mobility

Series A in 2023
BluSmart Mobility provides an intelligent electric shared mobility platform for efficient and sustainable transportation. Its mission is to transform Indian cities by developing a comprehensive electric on-demand mobility solution.

HealthPlix

Debt Financing in 2023
HealthPlix is a pioneering company in the digitization of healthcare in India, offering an AI-powered electronic medical record (EMR) platform designed to enhance clinical decision-making for doctors. The platform currently supports over 10,000 physicians across more than 370 cities, enabling them to deliver improved health outcomes for their patients. With the treatment of over 22 million patients across 16 medical specialties, HealthPlix facilitates personalized consultations based on individual medical histories, particularly focusing on chronic conditions like diabetes. By replacing traditional pen-and-paper prescriptions with an efficient digital system, HealthPlix empowers healthcare professionals to streamline their practices and improve patient care.

HealthPlix

Series C in 2023
HealthPlix is a pioneering company in the digitization of healthcare in India, offering an AI-powered electronic medical record (EMR) platform designed to enhance clinical decision-making for doctors. The platform currently supports over 10,000 physicians across more than 370 cities, enabling them to deliver improved health outcomes for their patients. With the treatment of over 22 million patients across 16 medical specialties, HealthPlix facilitates personalized consultations based on individual medical histories, particularly focusing on chronic conditions like diabetes. By replacing traditional pen-and-paper prescriptions with an efficient digital system, HealthPlix empowers healthcare professionals to streamline their practices and improve patient care.

RevFin

Debt Financing in 2022
RevFin is a fintech company established in 2018, offering digital lending solutions. Its platform provides customers with revolving credit limits for convenient access to loans, along with a rewards program for on-time payments and other activities. As of now, RevFin has funded over 12,000 electric vehicles (EVs) with negligible non-performing assets (NPAs).

Battery Smart

Debt Financing in 2022
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, founded in 2019. The company focuses on providing advanced lithium-ion batteries specifically designed for electric two-wheelers and three-wheelers. Its innovative retrofittable 48V lithium-ion twin battery system is compatible with various electric rickshaw and two-wheeler models. Battery Smart's fully interoperable battery-swapping solution allows EV drivers to efficiently swap their batteries in just two minutes, alleviating concerns related to range anxiety, charging downtime, and the recurring costs of battery replacements. By offering a practical and quick solution for battery management, Battery Smart aims to enhance the convenience and accessibility of electric mobility in India.

Dunzo

Debt Financing in 2022
Dunzo is a hyper-local delivery and task concierge platform based in Bengaluru, India, founded in 2015. It connects users to a network of delivery partners to provide on-demand services, including delivery of groceries, food, medicines, packages, and other items, and offers digital tools to help MSMEs streamline eCommerce sales. The platform also enables users to complete everyday tasks by connecting with merchants and service providers for shipping, repairs, home services, and related errands.

MobiKwik

Debt Financing in 2022
MobiKwik is a fintech company offering payment solutions for consumers and merchants. It provides services including payments, digital credit, and investments, utilizing big data analytics and machine learning to enhance user experiences.

Lal10

Seed Round in 2022
Lal10 is a digital platform empowering Indian micro and small manufacturing enterprises (MSMEs) to showcase their products globally. It enables MSMEs to digitize, manage, and sell inventories for cross-border wholesale, similar to Shopify's model but tailored for Indian manufacturers. Lal10 has onboarded over 30,000 SKUs, targeting small and medium-sized buyers in the US, UK, and Middle East.

BluSmart Mobility

Series A in 2022
BluSmart Mobility provides an intelligent electric shared mobility platform for efficient and sustainable transportation. Its mission is to transform Indian cities by developing a comprehensive electric on-demand mobility solution.

Jobsgaar

Seed Round in 2022
Jobsgaar is transforming the job search landscape in India with its innovative matchmaking technology. The platform streamlines the connection between employers and job seekers, focusing on local employment opportunities. By eliminating irrelevant job postings, Jobsgaar enhances the experience for both candidates and employers, allowing job seekers to efficiently find positions that align with their profiles. This targeted approach not only saves time but also improves the quality of applications for employers, ultimately facilitating better hiring outcomes.

BluSmart Mobility

Debt Financing in 2022
BluSmart Mobility provides an intelligent electric shared mobility platform for efficient and sustainable transportation. Its mission is to transform Indian cities by developing a comprehensive electric on-demand mobility solution.

BigHaat

Debt Financing in 2022
BigHaat is an online agricultural products platform based in Bangalore, India, established in 2015. The company collaborates with multiple seed suppliers across the country to provide a transparent and competitive marketplace for seed buyers. By listing a wide array of products, including seeds, plant protection, plant nutrition, and agricultural implements, BigHaat connects farmers directly with suppliers. This platform not only enhances accessibility to quality agricultural products but also facilitates post-sale support, improving the overall user experience for farmers. By bridging the gap between sellers and buyers in the agriculture sector, BigHaat aims to boost operational efficiency and productivity within the agri-value chain, ultimately helping farmers enhance their yield and income.

Locofast

Debt Financing in 2022
Locofast is a rapidly growing B2B textile marketplace that focuses on providing innovative fabric sourcing solutions for businesses globally. Headquartered in New Delhi, with additional offices in Bangladesh and across India, Locofast utilizes technology to enhance the efficiency and sustainability of textile procurement. The company's platform offers comprehensive services that assist fashion and lifestyle brands in launching new clothing lines and improving existing ones, covering aspects such as garment design, fabric procurement, and texture selection. By facilitating greater visibility and control in the supply chain, Locofast ensures that clients can avoid disruptions and achieve timely delivery of goods.

Curefoods

Debt Financing in 2022
Curefoods is a prominent cloud kitchen chain in India, operating over 200 kitchens and managing multiple food brands. It offers diverse cuisines through EatFit, Yumlane, Aligarh House Biryani, MasalaBox, Paratha Box, and other acquired or collaborated brands. Curefoods aims to provide customers with varied food options while ensuring quality and sustainability.

LivFin

Debt Financing in 2022
LivFin is a non-banking financial company registered with the Reserve Bank of India, specializing in providing financial services to small and medium enterprises (SMEs). The company offers a range of products, including small business loans, supply chain finance, and working capital loans. By focusing on collateral-free credit, LivFin aims to meet the unique needs of small business owners, facilitating access to essential funding for their operations. Additionally, LivFin has developed a loan management platform that streamlines the provision of short-term financing solutions, such as purchase and sales invoice finance, thereby supporting SMEs in securing the necessary working capital to thrive in a competitive market.

Udaan

Convertible Note in 2022
Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.

Udaan

Debt Financing in 2021
Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.

TVF

Debt Financing in 2021
TVF, India's first online television platform for youth, specializes in delivering original video content tailored to a younger audience. The platform features a diverse array of shows and videos across various genres, including humor, drama, and trending topics. By curating and creating engaging content, TVF enables users to easily browse and watch programs that resonate with their interests, connecting them to both local and global entertainment. Through its innovative approach, TVF has positioned itself as a key player in the online video landscape, catering to the evolving preferences of modern viewers.

Habanero Foods

Debt Financing in 2021
Habanero Foods International Pvt. Ltd. is a company that specializes in the production and distribution of food and beverage products, with a focus on delivering authentic Mexican culinary experiences. Based in Bangalore, Karnataka, it operates a Mexican restaurant and offers a diverse range of flavorful items, including sauces, tortilla wraps, pasta sauces, and dips. Habanero Foods is recognized for its innovative approach to food production, providing unique products that aim to enhance the taste of various dishes. The company has established a significant presence in the food manufacturing industry, catering to a wide array of clients.

Udaan

Debt Financing in 2021
Udaan is a B2B e-commerce platform based in India that connects businesses with suppliers across various sectors, including FMCG, pharmaceuticals, and staples. It aims to address core trade challenges faced by small, medium, and large enterprises by providing a centralized platform for buying and selling goods. Udaan facilitates direct connections between clients, allowing them to negotiate better deals while ensuring secure payment processes and efficient logistics. The platform also supports small businesses by offering financial products tailored to their needs, thereby enhancing their operational capabilities and market reach.

CredR

Venture Round in 2021
CredR is an Indian online platform specializing in the trade of verified and certified pre-owned two-wheeler vehicles. It employs dynamic pricing algorithms and offers after-sales services, aiming to streamline the buying and selling process for users.

IdeaForge

Debt Financing in 2021
IdeaForge is a pioneer and market leader in India's unmanned aerial systems industry. The company designs, develops, and manufactures indigenous UAVs with a focus on usability, user-centric design, quality, and sustainability. It operates a vertically integrated model with an in-house product development center that covers design, engineering, and manufacturing. Revenue is driven by the sale of services related to its UAV offerings, including maintenance and training. IdeaForge serves defense, surveillance, and infrastructure sectors and emphasizes end-to-end support through its service offerings, positioning itself as a full-spectrum provider in the Indian UAS market.

AVIOM India Housing Finance

Debt Financing in 2021
AVIOM India Housing Finance specializes in providing home loan services to individuals, primarily in semi-urban areas of India. It offers financial assistance for home buying, improvement, extension, and construction, with a focus on supporting families from semi-formal and informal sectors who may lack income documents.

Furlenco

Debt Financing in 2021
Furlenco is a furniture subscription service based in Bangalore, founded in 2012 by Ajith Karimpana. The company was established to address the challenge of finding well-designed, affordable furniture for rent. Furlenco provides a curated selection of furniture tailored to various lifestyles, catering to students, families, and expatriates alike. Its platform allows customers to rent furniture for living rooms, bedrooms, and dining areas, offering a range of benefits such as free relocation, free swaps, deep-cleaning services, and damage waivers. This model enables clients to access quality furniture conveniently and cost-effectively, with the flexibility to exchange items based on their changing needs.

Awign

Debt Financing in 2020
Awign is a work fulfillment platform based in Bangalore, India, that specializes in providing a gig workforce and last-mile delivery services across multiple sectors, including education technology, hospitality, e-commerce, mobility, information technology, and financial technology. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh, and Praveen Sah, the company offers on-the-ground services such as auditing, assessments, proctoring, and business development for clients, including notable companies like Swiggy and ITC. Awign aims to address issues of unemployment and underemployment by offering work opportunities to college students, graduates, and women re-entering the workforce, as well as providing upskilling through internships and training in areas like digital marketing and application development. This approach not only enhances professional skills for individuals but also allows businesses to outsource tasks efficiently and cost-effectively.

Peel-Works

Debt Financing in 2020
Peel-Works is a technology and data analytics company focused on eCommerce solutions for corner stores. It operates Taikee, an ISO-certified B2B grocery platform that empowers traditional retailers by providing direct access to leading FMCG brands, streamlining inventory management, and ensuring next-day delivery. This enables retailers to enhance their customers' shopping experience while improving store sales and profitability.

iNurture

Debt Financing in 2020
Founded in 2005, iNurture is a pioneering provider of industry-relevant higher education in India. It offers undergraduate and postgraduate courses across fast-growing sectors in collaboration with reputable universities and institutions, preparing students for careers in IT, mobile apps, creative industries, finance, animation, and more.

CredR

Series B in 2019
CredR is an Indian online platform specializing in the trade of verified and certified pre-owned two-wheeler vehicles. It employs dynamic pricing algorithms and offers after-sales services, aiming to streamline the buying and selling process for users.

RentoMojo

Debt Financing in 2019
RentoMojo is an online furniture rental platform founded in 2014 in India that enables customers to furnish homes through a rental model rather than purchase. It operates in major cities including Bangalore, Pune, Mumbai, Hyderabad, Chennai, Delhi, Gurgaon and Noida, offering a flexible option for people moving between rented accommodations by providing a range of furniture and related items on short- to long-term terms.

Zoomcar

Debt Financing in 2019
Zoomcar is an online car-sharing marketplace operating in emerging markets like India, Southeast Asia, and Egypt since 2013. It connects car owners ('Hosts') with individuals needing temporary vehicles ('Guests'), facilitating safe and convenient car sharing. Zoomcar offers over 20,000 cars across 50 cities, empowering Hosts to earn passive income while providing Guests with affordable driving experiences.

TVF

Debt Financing in 2019
TVF, India's first online television platform for youth, specializes in delivering original video content tailored to a younger audience. The platform features a diverse array of shows and videos across various genres, including humor, drama, and trending topics. By curating and creating engaging content, TVF enables users to easily browse and watch programs that resonate with their interests, connecting them to both local and global entertainment. Through its innovative approach, TVF has positioned itself as a key player in the online video landscape, catering to the evolving preferences of modern viewers.

IndustryBuying

Debt Financing in 2018
IndustryBuying is India's largest e-commerce platform dedicated to industrial supplies, offering over 50,000 products and continuously expanding its inventory. The company operates a hybrid model that caters to both large enterprises and smaller businesses. For large customers, IndustryBuying procures supplies directly, while it serves as a pure marketplace for smaller enterprises, enabling them to purchase industrial and engineering equipment from trusted sources at competitive prices. As a pioneer in bringing e-commerce solutions to the industrial sector in India, IndustryBuying facilitates efficient procurement and provides access to a wide range of products at wholesale prices.

NowFloats

Debt Financing in 2018
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Possible

Debt Financing in 2017
Truweight Wellness Private Limited is a Hyderabad-based healthcare company that specializes in weight loss counseling for individuals in India. Founded in 2013, Truweight focuses on providing sustainable weight loss solutions through personalized meal plans and a variety of superfoods rather than relying on machines, surgery, or weight loss pills. The company offers a diverse range of products, including flour, drinks, soups, breakfast items, snacks, and detoxifiers, all aimed at promoting healthy eating. Additionally, Truweight has developed an online consultation platform that allows users to receive nutrition counseling and tailored meal plans, supporting their journey toward optimal health and weight management.

Chumbak

Debt Financing in 2017
Chumbak is a Bangalore-based gifting startup founded by Subhra Chadda that operates as a design-led lifestyle brand. The company offers a diverse range of products inspired by various cultures and art forms, including designer t-shirts, coffee mugs, shot glasses, mouse pads, iPhone cases, bookmarks, posters, and bags. Chumbak operates retail stores and provides an online platform where customers can conveniently purchase apparel, tableware, gift sets, home décor, stationery, and other lifestyle products. Through its unique offerings, Chumbak aims to enrich the shopping experience for individuals looking to enhance their personal style and home aesthetics.

iNurture

Debt Financing in 2017
Founded in 2005, iNurture is a pioneering provider of industry-relevant higher education in India. It offers undergraduate and postgraduate courses across fast-growing sectors in collaboration with reputable universities and institutions, preparing students for careers in IT, mobile apps, creative industries, finance, animation, and more.

nearbuy

Debt Financing in 2016
nearbuy India Private Limited operates an online platform that connects customers with local merchants throughout India, facilitating the discovery and purchase of various services and products. The platform offers deals and coupons across a wide range of categories, including dining, wellness, entertainment, electronics, travel, and home goods. Formerly known as Groupon India, the company rebranded in 2015 and has positioned itself as a hyper-local e-commerce destination. It serves as a social hub where users can explore local experiences, from dining at restaurants to enjoying spa services, thereby enriching their interaction with the community. Founded in 2010 and based in New Delhi, nearbuy has evolved into a significant player in the local business ecosystem, operating as a subsidiary of Little Internet Pvt. Ltd. since 2017.

Bluestone Jewellery and Lifestyle

Bluestone Jewellery and Lifestyle is a digital-first fine jewellery brand in India that offers contemporary diamond, gold, platinum, and gemstone pieces. It operates an omnichannel model combining an extensive online platform with experiential stores, enabling customers to shop online or in person. The brand focuses on certified jewellery designs across rings, earrings, pendants, and more, and provides services such as lifetime exchange and buyback policies. Its business centers on selling jewellery products across multiple segments, emphasizing quality, design, and a seamless customer experience.
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