India, Nov. 19 -- Over eight months after receiving RBI's nod, venture debt firms BlackSoil Capital and Caspian Debt have officially announced the completion of their merger. Although the merger process formally concluded on October 31, the combined entity has been operating as BlackSoil Capital Private Limited since earlier this month.

In a statement, the new NBFC claimed that its combined assets under management (AUM) now stands at INR 1,900 Cr. Till date, the two debt firms have cumulatively disbursed debt capital to over 550 companies. BlackSoil Capital's startups portfolio includes names like HomeLane, mCaffeine, LeverageEdu and MobiKwik

The boards of both entities cleared the deal in September 2024 and the RBI granted its approval...