+
Blacksoil invests in 3 new deeptech, financial services
ECONOMY & POLICY

Blacksoil invests in 3 new deeptech, financial services

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.

Also Read
2022 may be record year for residential real estate: report
Delhi RERA tells DDA to register ongoing e-auction schemes

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. Also Read 2022 may be record year for residential real estate: report Delhi RERA tells DDA to register ongoing e-auction schemes

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code