BlackSoil, a venture debt player, announced that it had provided $4.5+ millions of growth capital to three different startups. The startups are
Blu-Smart Mobility is a ride-hailing platform that deals with all-electric cars only, founded by Anmol Jaggi and Punit Goyal. The company has the entire value chain of-
Blu-Smart Mobility was founded in 2019 and is operated in the Delhi NCR region. It has set up 10 charging hubs which in total have 250+ charging guns, a fleet of 1,000+ all-electric vehicles, and has cumulatively recorded 1+ million trips till now.
BigHaat is an agritech startup that provides integrated digital-first agriculture supply chain solutions and empowers farmers with access to high-quality agricultural inputs along with crop advisory services and provides output market linkage services to these farmers. The company was founded in 2015; the company applies science, data, and technology to provide personalized technical crop advisory to farmers. It provides access to over 7,000 SKUs of a wide range of high-quality inputs and caters to farmers in 13,000+ pin codes of the country.
Loan Tap Credit Products is a homegrown, hyper-growing digital lender with its own NBFC that promises to deliver fast, flexible, friendly personal loans to its audience. This company was founded in 2016; Loan Tap is a Pune-based, RBI-registered, fintech NBFC with an ambition to provide a seamless consumer experience from application to disbursal. It offers digital lending solutions where the ticket size starts from $400 to $20,000. Currently, their operations are widely spread over 22+ cities and use its proprietary underwriting algorithms for ensuring a loan approval TAT of fewer than two days.
Ankur Bansal, Co-founder, and Director of BlackSoil, said, “All our new partners have shown tremendous resilience and bounced back from the pandemic to enter a new phase of growth. We are happy to support them and hope our capital will contribute to helping them reach the next level. They have unique value propositions and business models which have garnered the support of marquee institutional investors and made them an attractive investment opportunity for BlackSoil as well.”