Mumbai-based alternate credit platform, BlackSoil Capital has raised ₹200 crore in debt funding from Impact Fund Denmark to expand climate-focused and inclusive lending in India
The funding will support climate adaptation and mitigation projects. It will also expand access to credit for low-income and underserved segments, including MSMEs, financial institutions and emerging corporations.
A major portion of the capital will be deployed in Tier-2 and Tier-3 markets. The company said it will focus on women-led businesses and sectors with limited access to formal finance.
The investment will increase exposure to renewable energy, climate-smart agriculture, sustainable supply chains, circular economy models and inclusive finance.
“This facility from Impact Fund Denmark reflects growing global confidence in India’s alternative credit ecosystem,” said Ankur Bansal, Managing Director, BlackSoil Capital. He said the funding confirms BlackSoil’s ability to direct capital into high-impact sectors.
“This partnership strengthens our ability to scale across domestic markets and support MSMEs and new-economy companies,” he said.
Impact Fund Denmark said the investment will help expand financing for green businesses in India.
“Green growth requires capital. With this investment, we are helping companies in India access the financing they need to grow,” said Lars Bo Bertram, CEO, Impact Fund Denmark.
The funding targets the “missing middle” segment. These are businesses that are larger than microfinance borrowers but underserved by banks.
BlackSoil said the partnership combines its underwriting approach with the fund’s impact investing experience. It aims to support climate-linked financing and India’s low-carbon transition.
Impact Fund Denmark invests in emerging markets to support development outcomes aligned with global sustainability goals.
Published on March 18, 2026