Blacksoil donates $4.5 million in debt funding to three startups

On Thursday, leading venture debt player BlackSoil announced that it had given more than $4.5 million in growth capital to three new Blu-Smart Mobility companies – a shared electric mobility platform, BigHaat – a digital agricultural input marketplace platform and LoanTap – a fintech offering individual loans. BigHaat is a Bangalore-based Agritech organization that offers integrated digital-first agricultural supply network solutions and empowers herders with access to high-quality agricultural inputs along with harvest warning service and offers yield market linkage services to these breeders.

Blu-Smart Mobility is a ridesharing platform that only works on all electric cars, founded by Anmol Jaggi and Punit Goyal, covering the whole value chain of smart mobility, smart charging and smart parking. The company was founded in 2019 and operates in the Delhi NCR region. It has set up 10 charging centers which have a total of over 250 charging guns, has a fleet of over 1,000 all-electric vehicles and has cumulatively logged over 1 million trips to date. . Blu-Smart is backed by an array of renowned equity investors such as bp Ventures (investment arm of British Petroleum), Mayfield Fund, 9Unicorns, Venture Catalyst and several sophisticated HNIs, having raised $36m to date .

“All of our new partners have shown tremendous resilience and have bounced back from the pandemic to enter a new phase of growth. We are happy to support them and hope that our capital will contribute to helping them reach the next level. They have unique value propositions and business models that have garnered support from well-known institutional investors and made them an attractive investment opportunity for BlackSoil as well.

LoanTap Credit Products is a growing local digital lender with its own NBFC, committed to providing fast, flexible and user-friendly personal loans to its audience. Founded in 2016, Loantap is a Pune-registered fintech NBFC registered with the RBI, with the aim of providing a seamless customer experience from application to disbursement.

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  • Blacksoil donates $4.5 million in debt funding to three startups
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Carol M. Barragan