Launch · Professional & Local Services

Caspian Debt rebrands as Udhyam Debt under BlackSoil

By Startup Enthusiast · 10 February 2026

What they do

Udhyam Debt provides customised credit to underserved MSMEs and enterprises

It rebranded from Caspian Debt and deployed ₹35 crore across five new businesses

The five firms include Freshbus, InPrime Finserv, Neeman's, Kreedo, and Eeki

Caspian Debt rebranded as Udhyam Debt under the BlackSoil Capital banner.
Udhyam Debt is BlackSoil Capital's MSME-focused financing division.
It provides customised and flexible credit solutions to underserved and capital-constrained enterprises.
The division made its initial deployments of ₹35 crore across five new emerging MSME businesses.
The five businesses are Freshbus (EV-led urban mobility), InPrime Finserv (priority sector lending), Neeman's (sustainable footwear), Kreedo (early education), and Eeki (sustainable agritech).
BlackSoil Capital was established in 2016 as an alternative credit platform.
It comprises an RBI-registered NBFC and a SEBI-registered AIF.
BlackSoil provides alternative credit to MSMEs, emerging corporates, financial institutions, and supply chain financing.

The initial deployments show a focus on diverse sectors including mobility, fintech, footwear, education, and agritech.
BlackSoil's dual structure (NBFC + AIF) allows it to offer flexible credit to underserved segments.

Udhyam Debt is the MSME-focused financing division of BlackSoil Capital.
It provides customised and flexible credit solutions to enterprises.
It targets underserved and capital-constrained segments.
BlackSoil Capital was established in 2016 as an alternative credit platform.
BlackSoil comprises an RBI-registered NBFC and a SEBI-registered AIF.
BlackSoil provides alternative credit to MSMEs, emerging corporates, financial institutions, and supply chain financing.