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BlackSoil Invests In Loanzen Finance, SVCL, and CMS IT Services In Debt Funding

BlackSoil Invests In Loanzen Finance, SVCL, and CMS IT Services In Debt Funding

Loanzen Finance is primarily a commercial vehicle financing company that offers finance options to drivers and first-time buyers of used commercial vehicles

SV CreditLine is a microfinance NBFC that offers loans to financially underserved rural and semi-urban regions in India

CMS IT is an IT service provider managing IT and system integration services across industry verticals such as banking, insurance, manufacturing, services, healthcare, media, telecom, among others

Venture debt firm BlackSoil has announced that it has invested INR 20 Cr cumulatively in Loanzen Finance, SV CreditLine (SVCL), and CMS IT Services. 

BlackSoil currently also manages an alternative credit platform consisting of an RBI-registered NBFC and three SEBI-registered AIFs. It has built a quality loan book through multiple platforms by deploying INR 2,300+ Cr across over 130 deals and has an AUM of INR 900 Cr.

The companies will deploy the raised funds for the next stage of their growth. 

 Loanzen Finance

Founded in 2018 by Madhu Sudhan and Venkatesh Sankararaman, Loanzen Finance provides financing for used commercial vehicles. The company primarily finances individuals (drivers) and first-time buyers of used commercial vehicles. 

Apart from used commercial vehicle financing, the company also offers small-ticket loans for vehicle insurance, vehicle maintenance, working capital loans, and other financial needs of the customers. 

Loanzen is backed by marquee investors like Zephyr Peacock India Growth Fund and Kae Capital.

SV CreditLine

Founded in 2010 by Sunil Sachdeva and Vijay Parekh, SV CreditLine is a Gurugram-based microfinance NBFC primarily lending through joint lending groups to financially underserved rural and semi-urban regions of northern India. 

CMS IT

CMS IT is a Bangalore-based IT service providing company managing IT and system integration services. It serves clients across industry verticals such as banking, insurance, manufacturing, services, healthcare, media, telecom, etc. 

Currently, private equity investors Mathew Cyriac, Aarati Grover and Crest Ventures hold 49%, 25%, and 11% stake, respectively in CMS IT.

Commenting on the investments, Ankur Bansal, cofounder and director, BlackSoil, said, “Although all three of them cater to different segments, few characteristics are common, like experienced management, growth potential, unique business positioning, and greater ability to survive through adversities like covid. We are optimistic that our debt capital will help these companies take their businesses to the next level and will continue to support them through the lifecycle of the deal.”