About BlackSoil
BlackSoil is a Financial Services company based in Mumbai (India) founded in 2010 by Ankur Bansal and Mohinder Pal Bansal. It operates as a private debt is provided to growth-stage companies by BlackSoil. BlackSoil has raised $48.36 million across 10 funding rounds from investors including Allcargo Logistics, Navneet Publications and Florintree. The company has 10 employees. BlackSoil has completed 2 acquisitions, including Credit Fair and Saraloan. Its Indian entity Blacksoil Asset Management Private Limited reported revenue of ₹13.19 Cr. BlackSoil offers products and services including Alternative Credit Platform and SaralSCF. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include FlexiLoans, DMI Finance, Oxyzo, Bizongo and Clix Capital and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
BlackSoil was founded in 2010 in Mumbai, India, as a venture capital firm specializing in private debt for growth-stage businesses. Alternative financing is offered to companies underserved by traditional banks, enabling accelerated market expansion, sustained growth, and reduced reliance on equity for working capital. Operations focus on high-performing firms in various sectors, with debt solutions tailored to their funding needs.
- Headquarters Mumbai, India
- Employees 10
- Founders Ankur Bansal, Mohinder Pal Bansal
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website blacksoil.co.in
- Social LinkedIn X Facebook
- Legal Name Blacksoil Asset Management Private Limited
- Date of Incorporation 10 Apr, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.19 Cr
FY 2022 · +28% YoY
- Net Profit₹1.01 Cr
FY 2022 · 8% margin
- EBITDA₹3.38 Cr
FY 2022 · 26% margin
- Total Equity Funding$48.36M (USD)
in 10 rounds
- Latest Funding Round$22M (USD), Debt – Conventional
Mar 2026
- InvestorsAllcargo Logistics
& 7 more
- Employee Count10
- Investments & AcquisitionsCredit Fair
& 1 more
Associated legal entities of BlackSoil
BlackSoil is associated with 4 registered companies on The Company Check; the primary company is Blacksoil Asset Management Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Blacksoil Asset Management Private Limited CIN U65999MH2017PTC293648 | Active | 10 Apr 2017 | Mumbai, Maharashtra | ₹13.2 Cr | 10 | 3 | View details |
| Logbook Technosys Llp CIN AAL-9313 | Strike Off | 05 Feb 2018 | Mumbai, Maharashtra | – | – | 2 | View details |
| Blacksoil Capital Private Limited CIN U67120MH1995PTC084946 | Active | 25 Jan 1995 | Mumbai, Maharashtra | ₹158 Cr | 72 | 8 | View details |
| Basoil Advisory Llp CIN AAA-1570 | Active | 11 Jun 2010 | Mumbai, Maharashtra | – | – | 2 | View details |
Products & Services of BlackSoil
BlackSoil offers a comprehensive portfolio of products and services, including Alternative Credit Platform and SaralSCF.
Platform for debt funding to underserved businesses and startups
Fintech platform streamlining digital supply chain lending processes
Funding Insights of BlackSoil
BlackSoil has successfully raised a total of $48.36M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $22 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $48.36M
- Total Rounds 10
- Last Round Debt – Conventional — $22M
- Investors Count 8
All 10 funding rounds of BlackSoil with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $22M | Debt – Conventional | – | – | |
| Dec 2025 | $7.2M | Series C | – | FMO | |
| Mar 2024 | $12.08M | Series C | – | – | |
| Mar 2024 | $205.4M | Debt – Conventional | – | – | – |
| Mar 2024 | $12.08M | Series C | – | – | |
| Apr 2023 | $25M | Debt – Conventional | – | – | – |
| Jan 2022 | $9.41M | Debt – Conventional | – | – | – |
| Jul 2018 | – | Debt – Conventional | – | – | – |
| Jul 2018 | $17M | Series C | – | – | – |
| Jul 2018 | – | Debt – Conventional | – | – | – |
8 investors in total: 6 institutional and 2 angel.
Investors in BlackSoil
BlackSoil has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Allcargo Logistics, Navneet Publications and Florintree.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Privat equity firm | 2010 | florintree.com | Mumbai, India | |
Development financing is provided for entrepreneurial ventures in emerging markets. | – | fmo.nl | - | |
Multi-modal freight transportation, warehousing, and logistics services are provided globally. | 1993 | allcargologistics.com | Mumbai, India | |
Educational content and stationery products are published and manufactured. | 1959 | navneet.com | Mumbai, India | |
- | – | impactfund.dk | - | |
MC Mathew Cyriac | - | – | unknown_81dff3e948de413b8 | - |
VP Viswanatha Prasad Subbaraman | - | – | unknown_339b69ed29424821a | - |
- | – | mahaviragencies.com | - |
Investor details for BlackSoil
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Blacksoil Asset Management Private Limited (BlackSoil)
Blacksoil Asset Management Private Limited is the primary company behind BlackSoil. The boards of the 4 registered companies of BlackSoil currently have 8 directors; the longest-serving is Ankur Mohinder Bansal, appointed in 2010. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankur Mohinder Bansal DIN 03082396 | Designated Partner | 11 Jun 2010 | 16 yrs 4 mo | Basoil Advisory Llp, Logbook Technosys Llp, Blacksoil Asset Management Private Limited, Blacksoil Capital Private Limited |
| Mohinder Pal Bansal DIN 01626343 | Designated Partner | 11 Jun 2010 | 16 yrs 4 mo | Basoil Advisory Llp, Logbook Technosys Llp, Blacksoil Asset Management Private Limited, Blacksoil Capital Private Limited |
| Jatin Chokshi DIN 00495015 | Director | 04 Apr 2016 | 10 yrs 6 mo | Blacksoil Capital Private Limited |
| Nilesh Shivji Vikamsey DIN 00031213 | Director | 23 Aug 2024 | 2 yrs 1 mo | Blacksoil Capital Private Limited |
| Chirag Shah DIN 11186519 | Director | 01 Oct 2025 | 1 yr | Blacksoil Asset Management Private Limited |
| Mahesh Kanumury DIN 02028993 | Director | 14 Nov 2025 | 11 mo | Blacksoil Capital Private Limited |
| Viswanatha Prasad Subbaraman DIN 00574928 | Director | 14 Nov 2025 | 11 mo | Blacksoil Capital Private Limited |
| Smita Aggarwal DIN 01478327 | Nominee Director | 06 Dec 2025 | 10 mo | Blacksoil Capital Private Limited |
People of BlackSoil
25 people are tracked at BlackSoil (13 in leadership, 12 in team); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
| Founder & Chairman | Leadership | |
Virendra Gala | Partner | Leadership |
Gaurav Bagrodia | President | Leadership |
| Director | Leadership | |
Ankit Bhuptani | Senior Vice President | Leadership |
Anuj Gothi | Senior Vice President Finance | Leadership |
Pramila Dabhekar | Vice President - Finance | Leadership |
Amruta Maheshwari | Assistant Vice President | Leadership |
Surabhi Sanyukta | Vice President ( Investment) | Leadership |
Sandeep Anand Shaw | Vice President | Leadership |
Chittatosh More | Vice President | Leadership |
Soumita Ghorui | VP - Corporate Communications & PR | Leadership |
Prem Jumani | Legal Counsel | Team |
| Investment Professional | Team | |
Kajal Jumani | Senior Officer - Legal & Compliance | Team |
Aaisha Ansari | Senior Manager Administration | Team |
Nikhil Poojary | Senior Account Officer | Team |
Suraj Prakash | HR Manager | Team |
Ashley Jhaveri | Investment Professional | Team |
5 more people are available in the full profile.
Complete people profiles for BlackSoil
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of BlackSoil
Figures of Blacksoil Asset Management Private Limited, the primary company behind BlackSoil, for FY 2022. Revenue was ₹13.19 Cr (+28% year on year). Net profit was ₹1.01 Cr (8% margin). EBITDA was ₹3.38 Cr (26% margin). Revenue has grown at a compounded annual rate of +58% over three years.
- ₹13.19 CrRevenue · FY 2022 · +28% YoY
- ₹1.01 CrNet profit · 8% margin
- ₹3.38 CrEBITDA · 26% margin
- ₹1.50 CrPaid-up capital
- 10Employees (provident fund records)
- +58%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Blacksoil Asset Management Private Limited are on its company page.
Detailed financial statements for BlackSoil
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by BlackSoil
BlackSoil has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Credit Fair and Saraloan.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar financing solutions are provided by Credit Fair in India. | creditfair.in | Mumbai, India | 2018 | Jul 2026 | •••• | |
Online platform for business loans | saraloan.in | Gurugram, India | 2020 | Jun 2021 | •••• |
Complete acquisition details for BlackSoil
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of BlackSoil
5 dated milestones of BlackSoil across 16 years, from founding to its latest funding, stage changes and deals.
- Founded BlackSoil is founded.
- Funding First funding round.
- Acquisition Acquires Saraloan.
- Funding Latest funding round, Debt – Conventional, of $22.0M.
- Acquisition Acquires Credit Fair.
Competitors of BlackSoil
BlackSoil has 9 listed competitors in our database, 9 of them funded. They include FlexiLoans, DMI Finance, Oxyzo, Bizongo and Clix Capital, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| dmifinance.in | 2008 | Delhi, India | $734M | 1,054 | Personal, MSME, consumption, and EV loans are provided digitally. | |
| oxyzo.in | 2016 | Gurugram, India | $200.79M | 998 | Financial solutions including loans are provided for SMEs and corporates. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| clix.capital | 2016 | Gurugram, India | $69.52M | 1,742 | Lending platform for consumers and businesses is provided. | |
| incred.com | 2016 | Mumbai, India | $320.39M | 2,161 | Financial services are provided, specializing in personal and business loans. | |
| gokwik.co | 2020 | Delhi, India | $73.02M | 304 | Software solutions are provided for e-commerce and D2C brands. | |
| indifi.com | 2015 | Gurugram, India | $90.76M | 500 | Online business loans and credit solutions for MSMEs are provided. | |
| go-yubi.com | 2020 | Chennai, India | $240.86M | 505 | Business loans are facilitated through an online debt marketplace. |
Detailed competitors of BlackSoil
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of BlackSoil
The website of BlackSoil (blacksoil.co.in) receives about 7.2K visits a month.
- Monthly visits7.2K
▲ 246.9% vs previous month
Top companies in Alternative Lending
10 companies that operate in the same segment as BlackSoil (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Frequently Asked Questions about BlackSoil
BlackSoil was founded in 2010 and raised its 1st funding round 8 years after it was founded.
BlackSoil is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
BlackSoil is a funded company, having raised a total of $48.36M across 10 funding rounds to date.
BlackSoil has 10 employees.
The primary company behind BlackSoil, Blacksoil Asset Management Private Limited, reported revenue of ₹13.19 Cr for FY 2022, up 28% year on year.
BlackSoil was founded in 2010 in Mumbai, India, as a venture capital firm specializing in private debt for growth-stage businesses. Alternative financing is offered to companies underserved by traditional banks, enabling accelerated market expansion, sustained growth, and reduced reliance on equity for working capital. Operations focus on high-performing firms in various sectors, with debt solutions tailored to their funding needs.
BlackSoil's top competitors include InCred, FlexiLoans and Yubi.
BlackSoil offers Alternative Credit Platform and SaralSCF.
BlackSoil has made 2 acquisitions, including Credit Fair, and Saraloan.
BlackSoil has 8 investors. Key investors include Allcargo Logistics, Navneet Publications, Florintree, MAHAVIR AGENCIES, and Mathew Cyriac.
BlackSoil is associated with 4 legal entities: Blacksoil Asset Management Private Limited, Basoil Advisory Llp, Logbook Technosys Llp and others.
The legal entities of BlackSoil currently have 9 directors, including Ankur Mohinder Bansal, Mohinder Pal Bansal, Chirag Shah and others.