BlackSoil Invests In Battery Smart, Upmove Capital, Revfin
Tiger Global backed Battery Smart is a Gurgaon-based battery swapping startup. Lightrock backed Upmove Capital is the NBFC arm of SmartCoin, a consumer lending startup. Green Frontier Capital backed Partners Revfin is a digital lending Delhi-based startup
Venture debt firm, BlackSoil infuses USD 5 million in three startups namely, Battery Smart, Upmove Capital and Revfin.
These impactful companies have shown tremendous growth in their segments and are backed by experienced management and marquee investors.
Commenting on the same, Ankur Bansal, Co-Founder and Director of BlackSoil said, “We are delighted to announce our new investments. Keeping in-line with our underwriting thesis, we continue to build our presence in new age businesses such as EV, while still maintaining our strong presence in the financial services/fintech space. These businesses have shown great resilience and tenacity in the face of changing macro as well as global events.”
