BlackSoil deploys ₹750 crore across 40 startups through second credit fund
What's the deal? BlackSoilDealroom has a profile for this one. Try Dealroom → has deployed ₹750 crore across 40 companies through its second credit fund, BlackSoil India Credit Fund IIDealroom has a profile for this one. Try Dealroom →, which raised ₹500 crore. The firm announced the milestone on 13 August 2026.
The details. Launched in October 2023, the Sebi-registered Category II Alternative Investment Fund has fully drawn down commitments and completed 10 exits. Deployment equals 1.5 times the fund's corpus, as repayments and exits were recycled into new investments.
Where the money went. The fund provides performing credit across sectors. Consumer and internet businesses make up 35% of the portfolio, fintech and financial services 25%, mobility, IoT, SaaS and deeptech another 25%, and healthcare 15%. Backed companies include Euler Motors, Curefoods, Bluestone, AgroStar and Progcap.
Who's backing it? The investor base is made up of family offices and high-net-worth individuals, with most commitments coming from repeat investors.
What's the endgame? Chirag Shah, executive director at BlackSoilDealroom has a profile for this one. Try Dealroom →, said the deployment reflects an approach of supporting businesses through different stages of growth. He added that the firm plans to build a platform of thematic credit funds targeting specific market opportunities.
The signal. The milestone lands as private credit gains ground as an alternative to bank lending for growth-stage businesses. BlackSoil said demand has risen amid moderated bank credit growth — a trend pulling more Indian family offices towards the asset class.
Read more: CNBC-TV18
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