Caspian Debt has been rebranded as Udhyam Debt below the BlackSoil Capital banner, marking a brand new part for the platform because it deepens its concentrate on financing India’s micro, small and medium enterprises (MSMEs).

Udhyam Debt is BlackSoil Capital’s MSME-focused financing division. It offers customised and versatile credit score options to enterprises, particularly these working in underserved and capital-constrained segments.

The agency has begun with Rs 35 crore deployments throughout 5 new rising MSME companies.

Sai Pramod, VP, Funding, BlackSoil Capital, mentioned, “MSMEs have all the time been central to BlackSoil’s credit score philosophy. With Udhyam Debt, we’re doubling down on that dedication, combining Caspian’s deep MSME underwriting expertise with BlackSoil’s scale and danger self-discipline. These preliminary deployments set the tone for a way we intend to function; small-ticket, high-conviction lending to companies which might be resilient, well-governed, and able to scale.”

The 5 deployments embrace Freshbus, an EV-led city mobility platform; InPrime Finserv, centered on precedence sector lending to underserved segments; Neeman’s, a sustainable client footwear model; Kreedo, which transforms early training in class; and Eeki, a sustainable agritech firm.

Established in 2016, BlackSoil is an alternate credit score platform comprising an RBI-registered systemically necessary NBFC and a SEBI-registered AIF. It offers various credit score to Micro, Small and Medium Enterprises (MSMEs), rising corporates, monetary establishments, and in addition presents provide chain financing options.