BlackSoil Capital Secures USD 22 Mn Debt from Impact Fund Denmark
Funds will be deployed toward climate-focused sectors, MSMEs, renewable energy, sustainable supply chains, and expanding credit access in underserved markets across India.
Ankur Bansal, Managing Director, BlackSoil Capital
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BlackSoil Capital has raised INR 200 crore (around USD 22 million) in debt funding from Impact Fund Denmark to expand climate-focused and inclusive lending across India.
The funding will be used to strengthen credit access for micro, small and medium enterprises (MSMEs), emerging corporates and financial institutions, particularly those operating in underserved and low-income segments.
A significant share of the capital will be directed toward businesses in tier-II and tier-III markets, with a focus on women-led enterprises and sectors that typically face limited financing opportunities.
According to the company, the facility will primarily support climate adaptation and mitigation initiatives. It will also enable increased exposure to renewable energy adoption, climate-smart agriculture, sustainable supply chains and circular economy solutions, alongside inclusive finance models aimed at widening credit reach.
“This facility from Impact Fund Denmark reflects growing global confidence in India’s alternative credit ecosystem. It affirms BlackSoil’s ability to channel capital into high-impact sectors, reinforcing our position at the intersection of alternative credit, climate action and inclusive growth,” said Ankur Bansal, MD, BlackSoil Capital.
He added, “There is a significant credit gap for climate-focused enterprises and inclusive lenders. This partnership strengthens our ability to scale across domestic markets, support MSMEs and new-economy companies, and deploy capital aligned with India’s climate and inclusion priorities.”
The funding is expected to enhance BlackSoil’s ability to serve the “missing middle” segment—businesses that are too large for microfinance but remain underserved by traditional banks. By combining its cash-flow-based underwriting approach with the global impact investing expertise of Impact Fund Denmark, the partnership aims to accelerate climate-aligned financing in India.
Founded in 2016, BlackSoil operates as an RBI-registered non-banking financial company and a SEBI-registered alternative investment fund. The platform manages assets worth around USD 250 million and serves clients across India and Southeast Asia.
The company provides alternative credit and supply chain financing solutions to fast-growing and underserved new-economy businesses across both short- and long-term capital needs.
Its portfolio includes 11 unicorns and 14 publicly listed companies, while it continues to integrate ESG principles across its investment lifecycle with a focus on responsible capital deployment and financial inclusion.
BlackSoil Capital has raised INR 200 crore (around USD 22 million) in debt funding from Impact Fund Denmark to expand climate-focused and inclusive lending across India.
The funding will be used to strengthen credit access for micro, small and medium enterprises (MSMEs), emerging corporates and financial institutions, particularly those operating in underserved and low-income segments.
A significant share of the capital will be directed toward businesses in tier-II and tier-III markets, with a focus on women-led enterprises and sectors that typically face limited financing opportunities.
