Enterprise AI firm Celebal Technologies raises $5.2m from BlackSoil Capital

By Puja Sharma

Jaipur-based Celebal Technologies, an enterprise data and AI solutions provider, has raised $5.2 million (₹50 crore) in debt funding from BlackSoil Capital, an India-based alternative credit platform. The facility is structured as strategic balance sheet capital, providing a liquidity buffer and financial flexibility as the company continues to scale its global operations.

Headquartered in Jaipur and co-founded in 2016 by Anupam Gupta and Anirudh Kala, Celebal Technologies specialises in data science, AI, and enterprise cloud solutions. The company has built a strong presence in the IT sector, helping enterprises improve business efficiency through capabilities in data engineering, cloud transformation, supply chain analytics, and AI-led automation.

The funding is not tied to a specific expansion initiative. Instead, it reflects Celebal’s approach to staying well-capitalised and prepared for external uncertainties, including geopolitical volatility and market disruptions, while maintaining uninterrupted execution across its enterprise engagements.

The capital raise follows the successful repayment of its earlier debt facility and comes alongside improved profitability, underscoring the company’s disciplined approach to capital management and consistent operating performance.

Hemant Mathur, CFO, Celebal Technologies, said: “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. It enables us to remain focused on execution while staying resilient to external disruptions.”

Ankur Bansal, Managing Director, BlackSoil, said: “Celebal’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.”

Celebal Technologies has demonstrated strong growth, with a revenue CAGR of ~81% from FY21 to FY26, supported by strategic partnerships with Microsoft and Databricks, enabling it to scale innovation and expand its global client base.