BlackSoil Group’s SaralSCF, a pioneering supply chain financing vertical, has made a grand entrance into the financial landscape, disbursing over ₹1,500 Crore and onboarding more than 110 Anchor Partners. This innovative B2B technology platform is designed to cater to the working capital needs of mid-size enterprises, startups, and growth companies, offering tailored financing solutions.
SaralSCF has forged partnerships with various Financial Institutions for co-lending, ensuring a wide array of financial options for its clients. The platform’s focus on understanding the financing requirements of the entire supply chain ecosystem sets it apart. It caters to industries like manufacturing, mobile technology, consumer durables, textiles, and LED lighting, with notable anchors including DeHaat and BigHaat.
Key highlights of SaralSCF include onboarding more than 110 Anchor Partners, disbursing over ₹1,500 Crore, managing current Assets Under Management (AUM) exceeding ₹180 Crore, financing over 16,500 borrowers, and disbursing over 2.2 Lac invoices.
SaralSCF offers several customisable products to optimize supply chain financing, including Saral Pay Later, which provides real-time payments to Anchor Partners and flexible credit options for their customers. Saral Vendor Finance offers customised credit solutions with immediate payments to Suppliers and flexible credit options for Anchor Partners. Saral Supply Chain Credit addresses the immediate working capital needs of Anchor Partners.
Mohinder Pal Bansal, Founding Partner & Chairman of BlackSoil Group, expressed, “The launch of SaralSCF is strategically aligned with our long-term business expansion and diversification plan. With SaralSCF, our vision is to be at the forefront of India’s supply chain finance revolution, driving progress and prosperity through innovation and technology, empowering businesses, and contributing to India’s economic growth.”
Gaurav Bagrodia, President of SaralSCF, highlighted the platform’s technological prowess, stating, “Being a tech-enabled platform, SaralSCF addresses the unique technological needs in the supply chain ecosystem. It enhances the efficiency of the supply chain financing process by providing hassle-free end-to-end and tailored digital solutions enabled with advanced monitoring and analytical tools.”
SaralSCF also places a strong emphasis on Environmental, Social, and Governance (ESG) alignment and responsible financing. The platform has positively impacted rural entrepreneurship, women empowerment, SMEs, microenterprises, and the farmer community. Over 8000 rural borrowers have gained financial access, 2200 microenterprises and more than 180 SMEs have received financial support, and 5750 farmers, including 1100 women farmers, have been given financial assistance to boost the agriculture sector.
SaralSCF is poised to revolutionize India’s supply chain finance segment, positioning itself as a key fintech player in the sector in the next five years. Through its innovative solutions and commitment to responsible financing, SaralSCF is set to drive positive change and foster economic growth in India.
