Blacksoil Provides $4.5M in Debt Funding to Three Startups

0

On Thursday, leading venture capital debt player BlackSoil announced that it had provided more than $4.5 million in growth capital to three startups – Blu-Smart Mobility – a shared electric mobility platform, BigHaat – a digital agricultural input marketplace platform and LoanTap – a fintech offering personal loans.

“All of our new partners have shown tremendous resilience and have bounced back from the pandemic to enter a new phase of growth. We are happy to support them and hope that our capital will contribute to helping them reach the next level. They have unique value propositions and business models that have garnered support from well-known institutional investors and made them an attractive investment opportunity for BlackSoil as well.



Blu-Smart Mobility is a ridesharing platform that only works on all electric cars, founded by Anmol Jaggi and Punit Goyal, covering the whole value chain of smart mobility, smart charging and smart parking. The company was founded in 2019 and operates in the Delhi NCR region. It has set up 10 charging centers which have a total of over 250 charging guns, has a fleet of over 1,000 all-electric vehicles and has cumulatively logged over 1 million trips to date. . Blu-Smart is backed by an array of renowned equity investors such as bp Ventures (investment arm of British Petroleum), Mayfield Fund, 9Unicorns, Venture Catalyst and several sophisticated HNIs, having raised $36m to date .

BigHaat is a Bangalore-based Agritech company that provides integrated digital first agricultural supply chain solutions and enables farmers to access high quality agricultural inputs along with crop advisory service and provides commodity market linkage services to these farmers.

LoanTap Credit Products is a growing local digital lender with its own NBFC, committed to providing fast, flexible and user-friendly personal loans to its audience. Founded in 2016, Loantap is a Pune-registered fintech NBFC registered with the RBI, with the aim of providing a seamless customer experience from application to disbursement.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Share.

Comments are closed.