BlackSoil Capital, a non-banking financial company (NBFC) arm of BlackSoil Group, raised Rs 210 crore debt in the first half of the current calendar year. Most of this capital will go towards working capital or expansion financing, says Ankur Bansal, MD, BlackSoil, in an interview with S Shanthi. The firm also plans to expand its SME lending capabilities through a strategic merger with impact investment lender Caspian Debt. Excerpts:

You raised Rs 210 crore in debt in the first half the current calendar year. How were the funds mobilised?

We raised the capital through a mix of NCDs (non-convertible debentures) and co- investments from long-standing supporters like family offices and HNIs, as well as new institutional lenders, including a public sector financial institution and Gray

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