BlackSoil invests $49 mn in 11 new deals

New Delhi: Alternative credit platform BlackSoil on Monday said that it invested $49 million (Rs 391 crore) across 11 new deals and exited four portfolio companies in the fourth quarter (Q4) of FY24. The company's year-on-year disbursement increased by 110 per cent, and its Assets Under Management (AUM) grew by nearly 50 per cent (year-on-year).

"Our prudent investment practices fortify our market standing, underscored by successful exits and strategic investments. As we navigate the landscape of FY25, we remain steadfast in our commitment to driving value and maintaining our upward trajectory," Ankur Bansal, Co-Founder & Director of BlackSoil, said in a statement.