Ankur Bansal, Co-Founder & Director of BlackSoil, emphasised the company's commitment to investing in sustainable businesses that adapt to evolving market conditions and foster profitable growth.

"We are looking to invest in businesses which are sustainable. There are many business out there who are now trying to adhere to the new market conditions and building a business which is robust and growing in a profitable manner," Bansal stated in an interview to CNBC-TV18.

BlackSoil, an alternative credit platform, concluded the second quarter with $44 million invested in 11 new deals, marking a 33% year-on-year expansion of its investment portfolio. As of first half of the current financial year (H1FY24), the total investment portfolio has reached $80 million or Rs 640 crore across 24 new deals. Additionally, the company recently secured $40 million in debt financing from its investors.

Regarding the $40 million fundraise, Bansal stated that it will be deployed within the next 4 to 6 months.

Ankur Bansal reaffirmed the company's optimism about India's prospects and mentioned that in the second quarter of the current financial year, financial institutions comprised 27% of total investments. However the company remains bullish on various sectors in the Indian market.

Watch accompanying video for more.