OYO-backer alternate credit platform Blacksoil raises $40m in debt

OYO-backer alternate credit platform Blacksoil raises $40m in debt

Image sourced from BlackSoil website

Alternative credit platform Blacksoil, which has backed Indian unicorns such as OYO and Spinny, on Tuesday said it recently raised about $40 million in debt through various financial instruments including non-convertible debentures (NCDs) and term loans from banks.

Edited by: Joymitra Rai