Jaipur-based Celebal Technologies, a provider of enterprise data and artificial intelligence (AI) solutions, has raised ₹50 crore in debt funding from BlackSoil Capital, an alternative credit platform.
The facility has been structured as strategic balance sheet capital to provide additional liquidity and financial flexibility as the company expands its global operations.
Financial flexibility
The funding is not linked to any specific expansion programme. Instead, the company said it is intended to strengthen its financial position and provide a buffer against external uncertainties, including geopolitical risks and market disruptions.
The fund raise follows the successful repayment of an earlier debt facility and comes alongside improved profitability, reflecting the company’s focus on disciplined capital management and operational performance.
Growth strategy
“This facility aligns with our philosophy of staying well-capitalised and prepared. Having strengthened our operating performance and honoured our previous obligations, we are approaching this from a position of strength,” Celebal Technologies Chief Financial Officer Hemant Mathur said.
“It enables us to remain focused on execution while staying resilient to external disruptions,” he added.
Business expansion
“Celebral’s consistency in execution, improving profitability and disciplined approach to capital make them a strong partner. This facility reflects our confidence in their ability to scale sustainably while maintaining financial prudence,” BlackSoil Capital Managing Director Ankur Bansal said.
Founded in 2016 by Anupam Gupta and Anirudh Kala, Celebal Technologies specialises in data science, AI and enterprise cloud solutions. The company provides services in data engineering, cloud transformation, supply chain analytics and AI-led automation.
The company reported a revenue compound annual growth rate of 81% between FY21 and FY26, supported by partnerships with Microsoft and Databricks that have helped expand its global customer base.