India: Non-banking lender Black Soil raises over $23m debt to fund growth startups

India: Non-banking lender Black Soil raises over $23m debt to fund growth startups

India’s non-banking lender Black Soil said it has raised $23.2 million (Rs 180 crore) through non-convertible debentures (NCDs), bank debt & other instruments, to fund mid and growth-stage enterprises in the startup ecosystem.

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