BlackSoil Extends INR 40 Cr Debt to Indifi to Boost SME Lending
The fresh funding from BlackSoil is expected to strengthen Indifi’s lending capabilities and support its ongoing expansion.
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BlackSoil Capital has extended INR 40 crore in debt financing to Indifi, a digital lending platform focused on small and medium enterprises (SMEs), in a move aimed at expanding credit access for underserved businesses in India.
Founded in 2015 and based in Gurugram, Indifi provides unsecured business loans using data analytics and technology-driven partnerships. The platform evaluates creditworthiness through alternative data, enabling financing for businesses that often face challenges in accessing traditional bank loans.
The fresh funding from BlackSoil is expected to strengthen Indifi’s lending capabilities and support its ongoing expansion. The company serves micro, small, and medium enterprises (MSMEs) across sectors such as travel, hospitality, e-commerce, retail, and restaurants—segments that have historically experienced limited access to formal credit channels.
Indifi has disbursed more than 150,000 loans across over 400 cities and works with more than 80 lending institutions. It reported revenue of INR 378 crore in the financial year 2024–25, marking a 22 percent year-on-year increase, reflecting growing demand for alternative credit solutions.
BlackSoil Capital, established in 2016, operates as an alternative credit platform with an RBI-registered non-banking financial company and a SEBI-registered alternative investment fund. The firm has assets under management of around USD 250 million and focuses on providing capital to emerging businesses and financial institutions.
The investment aligns with BlackSoil’s broader strategy of supporting companies that address gaps in SME financing. By backing digital lending models, the firm aims to contribute to financial inclusion and support the growth of India’s MSME sector, which plays a key role in employment and economic development.
BlackSoil Capital has extended INR 40 crore in debt financing to Indifi, a digital lending platform focused on small and medium enterprises (SMEs), in a move aimed at expanding credit access for underserved businesses in India.
Founded in 2015 and based in Gurugram, Indifi provides unsecured business loans using data analytics and technology-driven partnerships. The platform evaluates creditworthiness through alternative data, enabling financing for businesses that often face challenges in accessing traditional bank loans.
The fresh funding from BlackSoil is expected to strengthen Indifi’s lending capabilities and support its ongoing expansion. The company serves micro, small, and medium enterprises (MSMEs) across sectors such as travel, hospitality, e-commerce, retail, and restaurants—segments that have historically experienced limited access to formal credit channels.
Indifi has disbursed more than 150,000 loans across over 400 cities and works with more than 80 lending institutions. It reported revenue of INR 378 crore in the financial year 2024–25, marking a 22 percent year-on-year increase, reflecting growing demand for alternative credit solutions.
BlackSoil Capital, established in 2016, operates as an alternative credit platform with an RBI-registered non-banking financial company and a SEBI-registered alternative investment fund. The firm has assets under management of around USD 250 million and focuses on providing capital to emerging businesses and financial institutions.
The investment aligns with BlackSoil’s broader strategy of supporting companies that address gaps in SME financing. By backing digital lending models, the firm aims to contribute to financial inclusion and support the growth of India’s MSME sector, which plays a key role in employment and economic development.
