India, April 2 -- Months after getting their respective board's approval, alternative credit provider BlackSoil Capital and impact investment lender Caspian Debt have now received approval from the Reserve Bank of India (RBI) for their merger.

Both Blacksoil and Caspian are now awaiting the final merger approval from the National Company Law Tribunal (NCLT).

The combined entity will boast an AUM of over INR 2,000 Cr, leveraging the combined expertise of having financed over INR 10,000 Cr across over 450 Startups, MSMEs and companies.

Post merger, BlackSoil will expand its geographical presence across major metros like Mumbai, Hyderabad, Delhi and Bengaluru.

While Binni Bansal's BlackSoil offers customised alternative credit solutions ...