Leading venture debt player BlackSoil, completed 15+ deals & invested $27+ Mn in H1FY 2022 despite the first quarter of the year being gripped with the second wave onslaught. BlackSoil’s H1FY2022 performance resonates with the broad startup funding trend, as it closed 2x the number as well as value of deals done as compared to H1FY2021. Apart from this, its exits also grew 2x in terms of volume during the same comparable period.
The investee entities of BlackSoil also had a vibrant H1FY2022, having cumulatively raised more than $800 Mn via a combination of equity and debt.
BlackSoil is bullish on new-age growth businesses and focused on sectors such as FinTech, SaaS and E-commerce, with these digital-first businesses accounting for more that 85% and 60% of BlackSoil’s investment in H1FY2022 in terms of volume and value respectively. Apart from investing in new companies, BlackSoil has continued to provide support to its existing portfolio companies where 20% of the total investment in this period has been towards its existing investee entities.
Strategy of the company for the next half of the year is going to remain consistent with the first half, wherein BlackSoil will focus on deploying capital in digital-first new-age growth companies. “We will identify companies not just based on fundamental financial performance of the business but also potential market opportunity & ability of these companies to capture the same swiftly along with those which will benefit from the macroeconomic tailwinds & favourable consumer behaviour. We will strive to be the first lender to these companies and remain a long-term partner even beyond their valuation stage,” says Ankur Bansal, Co-Founder & Director of BlackSoil.
In H1FY2022, BlackSoil celebrated its 5 year anniversary. In this period, Blacksoil has witnessed massive growth on all fronts. From disbursing over 2,500 Cr across 140+ deals at 100% CAGR to growing its revenue at 65% CAGR over the 5 years, becoming a systemically important NBFC & raising over 1,000 Cr in Fund commitments across its multiple funds.