Alternative credit platform BlackSoil has reported a significant expansion in its supply chain finance (SCF) operations, nearly doubling its SCF book to Rs. 350 crore in the financial year 2024–25. Driven by strong credit demand across agriculture, fintech, and FMCG sectors, the firm also saw its assets under management rise by 30 percent year-on-year to Rs. 1,750 crore. Supporting 98 companies and deploying over Rs. 2,470 crore in cumulative capital, BlackSoil has demonstrated a keen understanding of sectoral trends, prudent portfolio management, and timely exits from several marquee investments during the fiscal.
Supply Chain Finance Book Doubles on Sector-Specific Demand
In FY2024–25, BlackSoil’s SCF portfolio surged to Rs. 350 crore, underscoring a sharp rise in demand for structured short-term credit among mid- and late-stage companies navigating complex supply chain requirements. The nearly 100 percent growth was propelled by the company's targeted focus on sectors experiencing robust consumption trends and requiring operational liquidity, particularly agriculture, fintech, and FMCG.
Ankur Bansal, Managing Director at BlackSoil, attributed the expansion to the firm's “disciplined underwriting practices and strong domain expertise,” which enabled it to navigate sector-specific risks while scaling efficiently.
AUM Growth Reflects Investor Confidence and Market Opportunity
BlackSoil’s total assets under management climbed to Rs. 1,750 crore—a 30 percent increase compared to the previous fiscal. This growth aligns with broader market dynamics, where India’s credit ecosystem is evolving to support high-growth sectors through alternative lending models.
The firm noted that consumption-led and infrastructure-supported economic activities have expanded the appetite for credit among enterprises requiring agile financing. This has positioned BlackSoil as a preferred non-bank lender for scalable businesses.
Sectoral Focus: Agriculture, Fintech, FMCG Drive Capital Deployment
Among the verticals fueling capital deployment, agriculture led the tally, accounting for 24 percent of BlackSoil’s disbursals, followed closely by fintech and financial institutions at 23 percent. FMCG and grocery contributed 16 percent, reflecting the surge in demand for credit from consumer-focused enterprises that rely heavily on uninterrupted supply chains and just-in-time inventory systems.
BlackSoil’s sector-specific strategies have been instrumental in balancing risk and return while delivering meaningful impact through targeted investments.
Notable Investments and Strategic Exits Define FY25
During the year, BlackSoil backed several high-potential enterprises such as Moneyview, Bluestone, Curefoods, and AquaExchange, all of which align with the firm’s investment thesis of supporting tech-enabled businesses and essential services.
In parallel, BlackSoil completed 37 exits, including marquee names such as The Viral Fever (TVF), Upstox, Yatra, and Airworks. These exits highlight the firm’s ability to generate timely returns while maintaining portfolio quality.
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