Mar 30: BlackSoil Capital, one of India’s leading alternative credit providers, today announced an investment of ₹40 crore in Indifi, a technology-driven digital lending platform focused on small and medium enterprises (SMEs). The investment will support Indifi’s continued expansion in offering accessible and innovative financing to underserved businesses across India.
Indifi, founded in 2015, leverages data and technology to assess creditworthiness and deliver customised financing to MSMEs across sectors such as travel, hospitality, e-commerce, retail, and restaurants – segments that have traditionally faced limited access to formal credit. The fresh capital from BlackSoil will help strengthen the platform’s lending capabilities and support its growth as demand for alternative credit solutions continues to rise.
Alok Mittal, Co-founder & Executive Chairman, Indifi Technologies, said:
“This partnership with BlackSoil is a strong validation of our model and our commitment to democratising credit for India’s small businesses. The capital will allow us to deepen our reach and serve more entrepreneurs who are the backbone of the Indian economy.”
Ankur Bansal, Managing Director, BlackSoil Capital, said:
“Indifi has built a compelling, technology-first platform addressing a significant gap in MSME credit. Their consistent growth and profitability track record make them an ideal credit partner for BlackSoil as we continue to back high-quality businesses.”
Indifi has disbursed over 150,000 loans across 400+ cities, partnering with more than 80 active lending institutions. The company posted revenues of ₹378 crore in FY25, reflecting a 22% year-on-year growth.
BlackSoil’s investment aligns with its strategy of backing high-growth companies that are bridging the credit gap for emerging businesses. By supporting innovative lending models, BlackSoil continues to play a role in strengthening India’s MSME financing ecosystem.
