Mumbai, May 29, 2025: BlackSoil, a leading alternative credit platform, concluded FY25 on a strong note, having backed 98 companies and deployed over ₹2,470 crore in cumulative capital. In a standout year, BlackSoil’s Supply Chain Finance (SCF) business nearly doubled its book to ~₹350 crore, contributing significantly to the Company’s robust performance.
The Group’s Assets Under Management (AUM) rose ~30% year-on-year to ₹1750 crore, supported by heightened credit appetite in sectors fuelling India’s consumption and infrastructure-led growth.
Top sectors driving deployments included:
- Agri – 24%
- Fintech & Financial Institutions – 23%
- FMCG & Grocery – 16%
These sectors form the bedrock of India’s economic transformation and represent BlackSoil’s sharp focus on real-economy impact.
Ankur Bansal, Managing Director of BlackSoil, said, “FY25 has been a landmark year for BlackSoil, marked by strong growth across our core verticals and continued backing of high-quality, high-impact businesses. The doubling of our SCF business and consistent performance of the overall portfolio indicate our disciplined approach and deep sector understanding. We remain focused on building a resilient credit platform that supports the ambitions of India’s evolving entrepreneurial ecosystem.”
Deployment Highlights:
Of the 98 companies supported in FY25, 58 were new additions. Total deployments grew nearly 30% YoY, further diversifying the portfolio and reinforcing BlackSoil’s scale-up across verticals.
The year also saw investments in several category-defining companies, including:
- Moneyview – India’s latest fintech unicorn
- Bluestone – Omnichannel fine jewellery brand
- Curefoods – Cloud kitchen & QSR House of Brands
- AquaExchange – agritech innovator
- Celebal – Data & AI services company
- Chai Point – Tea retail and vending machine provide
The portfolio also marked two IPOs – MobiKwik and Manba Finance, and one unicorn – Moneyview, further underscoring BlackSoil’s ability to identify and support scalable, high-growth businesses.
In addition to its deployment momentum, BlackSoil successfully completed 37 exits, including from marquee names like TVF, Upstox, Yatra, and Airworks, showcasing its ability to generate timely liquidity and deliver meaningful outcomes.
The Company’s portfolio remains resilient, with ~70% of companies being EBITDA-positive — a testament to BlackSoil’s disciplined underwriting and focus on financial sustainability. In addition, portfolio companies raised over ₹3,700 crore in equity capital during the year, reflecting strong investor confidence and external validation of the platform’s credit-first approach.
BlackSoil continues to play a vital role in India’s alternative credit ecosystem by bridging capital gaps for high-growth businesses. With a strong impact and ESG lens, the firm remains committed to delivering long-term value across sectors while fuelling inclusive and sustainable growth.
