BlackSoil Capital

“We started positioning ourselves on that the dead side to become your working capital partner, and use the money for creation of assets, whether that is business assets, KPEC assets, or even your working capital, and you use your equity money for burn, and you…”

“Right now our book, our assets under management at our NBFC level is 400 crores. 202 150 crores is equity side, one 50 crores is on the debt side.”

“We have done almost 45 deals more than 400 and sixty-odd crores we have deployed.”

“Generally it can range from a average duration of principle moratorium that we give is three to six months and post that on an EMI basis on a monthly basis we start getting a principle back.”

“Ah, I think around 15, 15 to 20 transactions.”

“That space we feel is a little bit crowded and getting competitive.”

“The IRR on those transactions is much higher because you also have fees etc on it and your principal also starts coming back. So the IRR can range from 16% to 21% plus in some cases you will get warrants.”

“Our interest rates range between, ah, 14 to 18%.”

“Second is our loan tenor can range and we have done transactions as short as four months also, ah, at one off and we have done transaction as one off as five years also. But if you look at average tenor it will be between like 24 to 36 months.”

“So, we are at NBFC, ah, unlike other venture debt funds, they have to raise money from multiple LPs and then return the capital at the end of the fund, which could be ranging from five, seven years to 10 years. We don't have that kind of, ah, sort of challenge…”

“In venture debt space itself, though we have given four 50 crores to date, we have already got more than 250 crores already back. In terms of, you know, repayments on the principal side.”

“So we do as small as one crore and we have gone up to like even 30 crores. And then like, for example, for your rooms, you end up to 40 crores also but that was like one off, but generally for us average ticket size would be 10 to 15 crores.”