Introduction
BlackSoil Group has entered India's growing rooftop solar financing market by acquiring the solar financing business of Credit Fair for approximately ₹45 crore through a cash slump sale. The deal has attracted attention because Credit Fair had previously been valued at nearly ₹180 crore, making the acquisition significantly lower than its earlier valuation.
The transaction reflects both the rapid evolution of India's clean-energy financing sector and the valuation reset that many venture-backed fintech companies have experienced over the past few years.
Background
Credit Fair was established as a fintech-focused non-banking finance company (NBFC) specializing in financing
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