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Blacksoil Capital lends Rs 15 cr to online fashion retailer eShakti

BS Reporter/New Delhi 07 Dec 17 | 05:07 PM

Blacksoil’s NBFC arm, Blacksoil Capital, has lent Rs 15 crore ($ 2.3 mn) to US-focused online fashion retailer eShakti.com, which is backed by IDG & Ivy Cap Ventures. 

eShakti customises mainstream fashion clothing for American women offering dresses, tops, skirts and pants.

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BlackSoil Capital is promoted by three family offices — Shashi Kiran Shetty, promoter of Allcargo Logistics; Gala Group, promoter of Navneet Education; and Mumbai-based realty expert Virendra Gala. 

Blacksoil has disbursed $12.5 mn through 11 innovative venture debt deals in its 15 months of operations. So far, it has done 30 deals across real estate, structured debt, venture debt.

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