Non-bank lender BlackSoil gets debt funding from family offices, HNIs

Mumbai-based non-banking financial company BlackSoil Capital Pvt. Ltd has raised debt capital by issuing non-convertible debentures (NCDs) to domestic family offices and local high net-worth individuals (HNIs), a top executive told VCCircle. The non-bank lender has raised Rs 50 crore ($6.6 million at current exchange rate) across two tranches.  "Given the market ......