BlackSoil on Thursday announced that it has acquired the solar financing arm of Credit Fair, a B2B2C green energy financing platform. In a separate development, WizCommerce, an AI-led sales and ecommerce platform focused on wholesale distributors, has secured nearly $8.3 million in a new funding round.
BlackSoil acquires Credit Fair’s solar financing arm
Alternative credit platform BlackSoil on Thursday announced that it has acquired the solar financing arm of Credit Fair, a B2B2C green energy financing platform.
The acquisition marks Blacksoil’s entry into India’s fast-growing renewable energy financing segment. The deal, which is subject to regulatory approvals, will also strengthen BlackSoil’s footprint in the partner-led B2B2C lending ecosystem, the firm said in a statement.
As part of the transaction, BlackSoil will acquire Credit Fair’s solar financing business along with its management team, technology platform, brand and operating infrastructure.
Founded in 2018, Credit Fair has built a presence across more than 20 states. The company claims to have processed over 3.5 lakh loans and disbursed upwards of Rs 1,300 crore to date. It has also partnered with major solar ecosystem players such as Tata Power, Waaree, SolarSquare, UTL Solar, Livguard, Navitas, and Adani Solar.
Credit Fair currently has assets under management (AUM) of Rs 152.6 crore, providing BlackSoil with an established platform to serve the growing financing needs of residential solar customers and MSMEs.
WizCommerce raises $8.3m
WizCommerce, an AI-led sales and ecommerce platform focused on wholesale distributors, has secured nearly $8.3 million (Rs 79.5 crore) in a new funding round backed by its existing investors, including Blume Ventures, Alpha Wave, Z47, 100X.VC, and Peak XV Partners, Entrackr reported.
The latest investment comes within a year of the company’s $8 million Series A round, which was led by Peak XV Partners in August 2025.
Regulatory filings with the Registrar of Companies (RoC) show that the company issued 7,565 bridge compulsorily convertible preference shares at a price of Rs 1,05,051 per share to raise the funds.
Blume Ventures emerged as the largest contributor in the round with Rs 28.72 crore, followed by Alpha Wave at Rs 23.94 crore. Peak XV Partners and Z47 invested Rs 14.36 crore and Rs 7.65 crore, respectively, while 100X.VC added Rs 4.79 crore, the report said.
Founded by Divyaanshu Makkar and Vikas Garg, WizCommerce provides an AI-native SaaS platform designed for wholesale distributors. The company may look to bring in additional capital as part of the ongoing round, according to the report.
