Fundraising FoxBlackSoil
Venture debtMumbai · Series A–Growth
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Investment thesis
BlackSoil Capital is an alternative credit platform offering customized debt and credit solutions across the financing lifecycle, including growth and expansion financing, working capital, and structured debt, to SMEs, mid-market corporates, NBFCs, fintech lenders and high-growth companies. Following the merger of Caspian Debt and acquisition of Credit Fair, it also provides impact-driven financing to transformational MSMEs and retail lending. The firm emphasizes responsible capital that generates measurable social and environmental impact, evaluating supported businesses on financial performance as well as their contribution to inclusion, innovation and sustainable development across India and beyond.
Source: firm website, verified Oct 1, 2026.
What they invest in
from 21 of 64 portfolio companiesFintech ×8Consumer ×6Healthtech ×5B2B Marketplaces ×3Direct to Consumer ×3E-commerce ×3Energy ×3Marketplaces ×3
HQs:India×19United States×4
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×52 founders×63 founders×44+ founders×2
Where their founders studiedfrom 20 founders with education data
Indian Institute of Technology, Delhi ×4Indian Institute of Management Bangalore ×3Stanford University Graduate School of Business ×3Indian School of Business ×2Stanford University ×2The University of Texas at Austin ×2
What their founders studiedfrom 20 founders with field-of-study data
Engineering ×10Business & Management ×8Computer Science ×5Finance & Accounting ×4Mathematics & Statistics ×2Physics ×2
Where their founders worked beforefrom 22 founders with career history
Standard Chartered Bank ×3Helper Bees, Inc. ×2Intel ×2Lendingkart ×2NVIDIA ×2Practo ×2
2 founders hold a PhD · 5 hold an MBA (of 21 with degree data)
Investments · 64 tracked
founders shown can be your intro pathBy year:2026 · 12020 · 12 dated
Doubtnut is a multi-lingual online learning platform that helps students solve academic doubts through video content and technology.
AgTechEdTechFintechMedia & Entertainment
Arjun Ahluwalia(Co-founder and CEO)Tanushree Nagori(Co-founder & CEO)inAditya Shankar(Co-founder)inRavi Sekhar(Co-founder)
Co-investorsArkam VenturesBlume VenturesNabventuresOmidyar Network IndiaStride VenturesTrifecta Capital Advisors+1 more
Ankura Hospitals operates a network of hospitals and clinics providing specialised maternity, gynecology, fertility, neonatal and pediatric care for women and children.
FemTechHealthtechMedical Devices
BatterySmart operates a marketplace connecting battery buyers and sellers in India, facilitating transactions for second-hand batteries and energy storage solutions.
Circular EconomyEnergyMarketplacesIndia, IN
Pulkit Khurana(Founder)Siddharth Sikka(Founder)
Co-investorsEcosystem Integrity FundLeapFrog InvestmentsMirovaStride VenturesTrifecta Capital AdvisorsBlume Ventures+3 more
BlueStone is an omnichannel jewellery retailer selling certified fine jewellery such as rings, earrings, pendants, mangalsutras, bangles, and engagement rings online and through stores.
ConsumerDirect to ConsumerE-commerce
Gaurav Singh Kushwaha(Founder)inGaurav Singh Kushwaha in(Founder)Sudeep Nagar(Founder)Vidya Nataraj(Founder)
Co-investorsAccelAlteria CapitalIndia Foundation Fund Series I (A Scheme Of Multiply Ventures IndiaInfo Edge VenturesIron PillarIvyCap Ventures+4 more
Omnimedia Group is an international publishing company specializing in technical magazines for energy, construction, tourism, pharmaceutical and life sciences industries.
EnergyMedia & EntertainmentNew Delhi, IN
Co-investorsTheia VenturesAlteria CapitalBlume VenturesElevation CapitalInnoVen CapitalLightspeed Venture Partners+6 more
ePayLater provides instant business credit to merchants and buyers across India, usable at partner merchants through a mobile app and across physical and digital sales channels.
B2B MarketplacesFintechGurugram, IN
Uday Somayajula(Founder)in
Co-investorsBlue Ashva CapitalGMO VenturePartnersPravega VenturesresponsAbility Investments
Euler Motors offers commercial vehicle products and a tool to help fleet operators calculate profitability.
Mobility & Transportation
Saurav Kumar(Founder)in
Co-investorsADB VenturesAthera Venture PartnersJetty VenturesAlteria CapitalBlume VenturesLightrock
Finnable is an Indian fintech company offering personal loans to consumers, primarily salaried professionals, through partnerships with banks and lending firms.
ConsumerFintechBengaluru, IN
Amit Arora(Founder)inNitin Gupta(Founder)inViraj Tyagi(Founder)in
Palo Alto, US
Punit Java(Executive Officer, Director)
Co-investorsFJ LabsAmplo VenturesKae CapitalTekton Ventures
GOQii offers a smart health ecosystem that combines wearable technology and app-based tools with expert human coaching for preventive and value-based care.
Digital HealthHealthtechWellness & FitnessMenlo Park, US
A. Vishal Gondal(Executive Officer, Director)inAbhishek Sharma(Founder)inVishal Gondal(Founder)in
BoardPravin Gandhi(Director)Bala Deshpande(Director)
Co-investorsNew Enterprise Associates (NEA)Animoca BrandsMitsui & CoDSG Consumer PartnersSmartStart FundTrifecta Capital Advisors+1 more
HomeLane provides end-to-end home interior design and modular furniture services, offering personalised 3D designs, materials selection, factory production, and installation for residential customers.
ConsumerMarketplacesPropTech
Srikanth Iyer(Founder)inPrabhu Venkatesh(Founder)Rama Harinath K(Founder)Srini Battula(Founder)Tanuj Choudhry(Founder)
Co-investorsAarin CapitalAccelEvolvence India FundFJ LabsNuVenturesPeak XV Partners+3 more
InPrime Finserv is an RBI-registered NBFC that provides tech-enabled business and personal loans to India's emerging middle class using a data-driven credit assessment model.
Co-investorsPravega VenturesTitan CapitalZ47
Jumbotail runs a B2B marketplace platform connecting India's mom & pop grocery retailers (kirana stores) and supermarkets with brands and staples producers, offering products across staples, packaged foods, personal care, and home care.
B2B MarketplacesLogistics & Supply ChainRetail Tech
S.Karthik Venkateswaran(Founder)inAshish Jhina(Founder)inKarthik Venkateshwara(Founder)
Co-investorsArkam VenturesBarrel VenturesCapria VenturesDiscovery Ventures III Gmb H & Co. KGKalaari CapitalSC Ventures+4 more
mCaffeine sells personal care and body care products such as body washes, body lotions, and serums formulated with active ingredients like salicylic acid, niacinamide, and glycolic acid.
ConsumerDirect to ConsumerE-commerce
Vikas Lachhwani(Founder)in
Co-investorsAmicus Capital PartnersLVX VenturesRPSG Capital VenturesSharrp VenturesSpring Marketing Capital
Digital payment and wallet platform
Bipin Preet Singh(Co-Founder, MD & CEO)inUpasana Taku(Co-Founder, Executive Director & CFO)in
Co-investorsDMI AIF Sparkle FundGMO VenturePartnersPeak XV PartnersTrifecta Capital AdvisorsAmerican Express Ventures (Amex)
Orange Health Labs operates a home-based diagnostic testing service in Indian cities, offering sample collection within 30 minutes and lab results within 6 hours.
HealthtechMedical DevicesBengaluru, IN
Tarun Bhambra(Founder)inDhruv Gupta(Founder)inTarun BhambrainRavi Patel(Talent Acquisition)Deekshith Sherigara(HR Manager)Sai Sandeep(Talent Acquisition Specialist)
Co-investorsAccelAroa Venture PartnersBertelsmann India InvestmentsGeneral CatalystGood CapitalInvestopad+14 more
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Oriano Clean Energy is an integrated clean energy platform providing turnkey solar EPC, EHV infrastructure, renewable energy park development, and asset management services for utility-scale and commercial & industrial clients.
CleantechClimate TechEnergyMumbai, IN
Yeshwant Rao(Managing Director & Co-founder)Lokendra Singh(CEO & Co-founder)
Co-investorsSIDBI Venture Capital
Fintech NBFC providing embedded financing to retailers.
Pallavi Shrivastava(Founder)in
Co-investors9Unicorns Accelerator FundCreation Investments Capital ManagementGemba Capital Venture PartnersgrowX VenturesMerak VenturesPeak XV Partners+2 more
RED.Health operates a network of ambulances and paramedic services across India, providing emergency medical logistics and transport for hospitals.
AI & Machine LearningHealthtechLogistics & Supply ChainSecunderabad, IN
Co-investorsAurum Venture PartnersHyderabad AngelsJungle VenturesKalaari CapitalPegasus India Evolving Opportunities FundHealthQuad+1 more
Rupeek provides online gold loans in India, offering low-interest loans against gold with door-to-door pickup and return of valuables.
ConsumerFintech
Sumit Maniyar(Founder)in
Co-investorsAccelSequoia Capital9Unicorns Accelerator FundBetter CapitalElevation CapitalLightbox+8 more
SEEDS Fincap is a non-deposit-taking NBFC (NBFC-ND) that provides secured and unsecured loans to underserved micro, small, and medium enterprises across Tier 2, Tier 3, and rural India.
FintechImpact & Social GoodGurugram, IN
Subhash AcharyainAvishek SarkarinSumeet Dhall
Co-investorsLok CapitalZ47Alteria CapitalNorinchukin CapitalresponsAbility Investments
The Helper Bees provides a platform that connects older adults and their families with information, tools, and in-home care services to support independent aging at home.
B2B MarketplacesFintechHealthtechInsurTechMarketplacesWellness & FitnessAustin, US
Char Hu(Founder)inDanny Lynch(Founder)in
Co-investorsAlumni VenturesCentana Growth PartnersCentana PartnersSilverton PartnersTechstarsImpact Engine+1 more
The Hosteller is an Indian self-operated backpacker hostel chain running 70+ properties across 13 states.
Pranav Dangi(Founder)in
Co-investorsJITO Angel NetworkV3 Ventures
Tru Cap Finance provides gold loans and collateral-free business loans to MSMEs and small borrowers through an offline branch network located in MSME hubs, supported by an agent sourcing network.
Fintech
Uttrayan Financial Services is an RBI-registered non-banking financial company (NBFC-MFI) that provides small-ticket micro-credit to poor women and underprivileged groups in rural and semi-urban areas through a group-based lending system, and also offers gold loans.
FintechImpact & Social GoodKolkata, IN
Bengaluru full-stack fintech that manufactures and socially distributes credit, insurance, and savings products for emerging-middle-class families in 5,000+ small Indian towns through a network of local financial advisors and an in-house AI stack.
Bengaluru, IN
Vishal Chopra(Founder)inHimanshu Gupta(Founder)in
Co-investorsKalaari CapitalPICUS CAPITALSony Ventures Corporation3one4 Capital
Zink London is a fashion and apparel brand offering clothing designed in London and made in India, sold through 450+ retail stores across India as well as online.
ConsumerDirect to ConsumerE-commerce
Co-investorsArbor Ventures UK
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AnkuraBest CapitalCelebalCelsius LogisticsChakrChaloCredRightCurefoodsDar CreditDunzoFarzi CafeGenWorksGyanDhanHolistic RemediesHome CapitalJagaranJCB SalonsLogicServeManbaMerisisNavadhanNvestPahalParasRevfinSagar DepositsSaveFinSecurensServitiumShree Ganga FinanceSRV HospitalsSwaraSynapseWaveUpMoneyVelichamVideoneticsVirutcham
Portfolio news
latest coverage across their companiesProgcap · trysignalbase.com · Feb 17, 2026
Finnable · finnable.com · Nov 11, 2025
Frequently asked questions
- How many investments has BlackSoil made?
- BlackSoil has 64 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does BlackSoil invest at?
- BlackSoil invests at the Series A, Series B, Growth stages.
- What sectors does BlackSoil focus on?
- BlackSoil focuses on Consumer, Fintech, Impact & Social Good, Logistics & Supply Chain.
- Where is BlackSoil located?
- BlackSoil is headquartered in Mumbai, IN.
- Who does BlackSoil co-invest with?
- BlackSoil most often shares deals with Peak XV Partners, Accel, Kalaari Capital, among 78 tracked co-investors.
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