Blacksoil invests in 3 new deeptech, financial services

16 Sep 2022 CW Team

Venture debt and alternative credit platform, BlackSoil Capital has invested over $8 million in Tonbo Imaging, Paras ARC and Dar Credit, as part of its investment strategy with a focus on deep tech and financial services sectors.

Bangalore-based Tonbo Imaging is an indigenous manufacturer of advanced electro-optics solutions for military and commercial applications. Tonbo develops EOIR systems for tactical, land, naval and aerial applications. The company has signed military modernization programs with the home and defence ministries and also supplies EOIR systems to countries like Spain, France, Morocco, Jordan, the Philippines and Vietnam among others.

Paras ARC, a part of the Prasaditya & Wacom Group, has over $175 million in assets under management (AUM). The ARC, founded in 2008 by M Siva Rama Vara Prasa, is focused on acquiring corporate debt and recently ventured into its first retail debt acquisition. To date, the company has acquired over $935 million in assets worth over $240 million of which it has resolved assets of $65 million.

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