The company will deploy these funds to penetrate deeper into the market, by on boarding new trucking partners along the existing as well as new transportation corridors. BlackBuck valuation is $912 m, and annual revenue was ₹17.91 b in FY 2019. Bengaluru-based online marketplace for trucking, BlackBuck has closed a $150 million (Rs 1050 Cr) round of equity funding led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. Currently, the Company has over 10,000 onboard clients including SMEs and large corporates such as Hindustan Unilever, Reliance, Coca Cola, Marico, Asian Paints, Tata, Vedanta, L&T, and Jindal. This is the second time BlackBuck is executing a stock liquidation event for the employees of the company, the first one was in 2017. Another big logistics player in the space who can be considered direct competition for BlackBuck is Rivigo that, till date, has raised close to $125 Mn funding in equity and debt finance. BlackBuck has been raising funding in multiple tranches at regular intervals since October last year and, as a result, its valuation has soared. Trifecta Capital Advisors and Trifecta Capital Advisors are the most recent investors. Speaking on the funding announcement, Rajesh Yabaji, CEO & Co-Founder of BlackBuck said. BLACKBUCK RESOURCES (BBR) Designs, Builds, and Operates Water Infrastructure and provides services for the oil & gas industry. Blackbuck’s board has approved allotting Trifecta 322 Series D compulsorily convertible preference shares and 500 Series A non-convertible debentures, Entrackr reported, citing filings with the ministry of corporate affairs. Bangalore based BlackBuck, a B2B logistics startup, has raised Series B funding worth $25 million from Tiger Global, Apoletto (Yuri Milner’s founders fund), Accel and … Since its inception, the startup has raised a total of $130 Million … 10 December, 2015, Bangalore: BlackBuck has added another feather in the cap as the Bangalore based B2B logistics raised funding of US $25 m from Tiger & Apoletto and existing investors Accel Partners and Flipkart. Copyright © 2021 VCCircle.com. The fresh fundraise takes the total equity capital BlackBuck has mobilised so far to more than $230 million, multiple media reports said on Wednesday, citing CEO Rajesh Yabaji. Their latest funding was raised on May 7, 2020 from a Debt Financing round. (Rs 300 Cr), and the company continues to invest heavily in this direction. This takes the total amount of funding raised by the company to over $230 million. Logistics-technology startup Blackbuck has raised Rs 56 crore (approximately $7.83 million at current exchange rates) in mixed equity and debt funding round from venture debt fund Trifecta Capital, according to a report. $ 110m (3 months ago) Latest funding round. It also facilitates services around trucking, by providing fleet cards, tyres, IoT, insurance and working capital credit to truckers. The company has been raising capital in multiple tranches since October last year. BlackBuck is a platform which matches a shipper with a trucker real time and at market competitive rates. Former TRAI Chairman RS Sharma on launching Aadhaar, his journey in the administrative services, and leading critical initiatives, Uplift of small farmers drives this Bengaluru coffee startup, Messaging app Telegram becomes most downloaded app worldwide; highest number of downloads from India, The week that was: from Amazon's new CEO to tracking sustainable goals of a company, marked its entry into the unicorn club at a valuation of $1.6 billion with a funding of $395 million in its Series F round. Founded in 2015, BlackBuck has been a pioneer in bringing the offline operations of trucking online, be it matching a shipper with a trucker or reshaping the infrastructure around trucking to facilitate payments, insurance, and financial … 10 December, 2015, Bangalore: BlackBuck has added another feather in the cap as the Bangalore based B2B logistics raised funding of US $25 m from Tiger & Apoletto and existing investors Accel Partners and Flipkart. The round also saw participation from existing investors Sands Capital and International Finance Corporation, the investment arm of the World Bank. 56 crore (approximately $7.83 million) in debt and equity round from venture debt firm, Trifecta Capital. MUMBAI: Inter-city logistics company BlackBuck, today announced it has raised $70 million (approximately Rs 476 crore) in a Series C funding from Sands Capital and existing investors. Logistics tech startup Blackbuck gets $150m, nears unicorn status Inter-city trucking and supply chain startup BlackBuck has raised $150 million in Series-D funding, led by Goldman Sachs Investment Partners and Accel US, with participation from B Capital and Sequoia Capital. Blackbuck has secured 7 funding rounds till date, aggregating nearly $300 million in investments from various investors. The company uses technology to match a trucker with a shipper real-time, enabling transparency, higher truck utilisation, better shipper services levels, and efficient pricing. With this round, the total funding of BlackBuck is more than $230 Mn. BlackBuck competes with the likes of Warburg Pincus-backed Rivigo and Ecom Express as well as SoftBank-funded Delhivery. Cumulatively, BlackBuck has raised around $145 million in the last seven months. According to the BlackBuck, fleet owners on the BlackBuck platform have been able to reduce idle time by 45% leading to an increase in earnings between 20 and 30%. Its impressive growth and recent funding have attracted various competitors – including one that questions the logistics platform business model itself. BlackBuck is operating pan India in over 3,000 villages and 400 industrial hubs. The company provides B2B logistics solutions for long-haul trucking. In December, it secured Rs 87 crore from existing investors. Blackbuck has raised a total of $297M in funding over 8 rounds. News of the mixed capital raise comes after the startup raised $150 million (about Rs 1,040 crore) in its Series D round, which was led by Goldman Sachs Investment Partners and venture capital firm Accel. The company will invest heavily in product and data sciences capabilities, to enable more efficient freight matching processes. Blackbuck is funded by 13 investors. As part of this round, BlackBuck employees can sell 25% of their total vested stocks, CEO Rajesh Yabaji told ET. B Capital, Sequoia Capital, International Finance Corporation and Sands Capital also participated in the round. Ltd. 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Sequoia Capital's SCI Investment Fund has invested around INR 100 crores, while the rest of the capital was put … Making transportation simple and effective using technology.The logistics sector is poised for a revolutionary growth journey, BLACKBUCK MARKS THE BEGINNING VCCircle has reached out to Blackbuck on the reported development and will update this report accordingly. Blackbuck (Zinka Logistics) last raised $6M false. Discover Blackbuck. Blackbuck (Zinka Logistics) has raised a total of $6M in funding across 1 rounds. India’s trucking system has a big inefficiency problem that continues to drag the economy. The funding round was supported by Sands Capital, with participation from World Bank’s IFC and existing investors Accel and e-commerce giant Flipkart. After raising Series C funding of $30 Million couple of weeks ago, Logistics startup BlackBuck, have bagged another $70 Million from existing investors. BlackBuck General Information Description. Over the last four years, the company’s employee stock option (ESOP) plan created a cumulative value of over $43 million. Logistics startups BlackBuck and LetsTransport raised fresh funding round from new and existing investors during the week. BlackBuckwas founded as Zinka Logistics Solutions Private Limited in 2015 by Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. Blackbuck is attempting to solve the inefficiencies in the Indian surface transport sector through a marketplace and technology-enabled services. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, This biotech startup aims to reduce farmers’ losses by making crops more climate-resilient, With Rs 14 lakh business per day, this astrology startup is making profits in the time of coronavirus, Quitting his job of 17 years in an MNC, this engineer built a Rs 12.5-crore brand on Flipkart, Twitter India's Public Policy head Mahima Kaul resigns. Latest funding round. ... Latest funding round. BlackBuck (also known as Zinka Logistics Solutions) is a technology-enabled company offering an online marketplace for logistics transactions. Also Read: Blackbuck raises Rs 550 Cr funding led by Accel Partners US, B-Capital and Goldman Sachs, becomes a 'soonicorn', [Funding alert] Delhivery raises fresh funding of $413 million, charts out growth path. As part of this round, the employees at BlackBuck have access to liquidating 25 percent of their total vested stocks, at the current stock price of the company. Which is the most downloaded app in the world? Developer of an online fleet management platform built to conveniently engage and connect shippers with fleet operators. Property of Mosaic Media Ventures Pvt. BlackBuck, the B2B intercity logistics startup, has raised Series C funding of $70 million in a round led by Sands Capital. View BlackBuck stock / share price, financials, funding rounds, investors and more at Craft. Logistics-tech startup BlackBuck has raised $150 million (about Rs 1,040 crore) in its Series D round, beefing up its war chest to compete with rivals such as Rivigo and Delhivery. BlackBuck, … BlackBuck and Rivigo both too are in the list of ‘Soon to be a Unicorn. $ 7.8m (about 1 year ago) Latest funding round. BlackBuck: How this logistics startup, with $150 million fresh funding, is balancing growth and profitability Updated : May 07, 2019 01:41 PM IST BlackBuck, an online marketplace for trucking, has raised $150 million (about Rs 1,050 crore) in a funding round led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. Bengaluru-based an online marketplace for trucking, BlackBuck has closed a $150 million (Rs 1050 Cr) round of equity funding led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. BlackBuck has raised $292.42 m in total funding. The latest round takes the total amount of funds raised to over $230 million and values the Bengaluru-based Zinka Logistics Solutions, which runs BlackBuck, at around $950 million. The company’s employee stock pool stands at 4.7% and is valued at Rs … Other new investors who participated in the round are Wellington, Sequoia Capital, B Capital and LightStreet. In March 2019, BlackBuck raised $43.53 million (Rs 303.51 crore then) from Goldman Sachs and B Capital. Company; Products; Team; Careers; Contact; Sign In In March 2019, Delhivery marked its entry into the unicorn club at a valuation of $1.6 billion with a funding of $395 million in its Series F round led by SoftBank. CHENNAI: BlackBuck, a business to business logistics startup, has raised a Series B funding of $25 million from Tiger Global, Apoletto (DST … It brings together shippers and truckers through its online marketplace to facilitate inter-city freight transportation. Contact Email careers@blackbuck.com Phone Number +918861138898 Keeping technology at the core, Zinka Logistics is redefining the logistics landscape of India, making it … The latest round of funding will be invested in building technology led products for the freight industry to bring out efficiency for, both, customers and truckers. According to reports, the valuation of BlackBuck is said be close to $951 million while Rivigo is valued at around $950 million. Ltd, was founded in 2015 by IIT-Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. Our team is comprised of professionals with experience in water disposal & treatment, pipeline management, and oil & gas operations. It also facilitates payments, insurance, and.. Logistics-technology startup Blackbuck has raised Rs 56 crore (approximately $7.83 million at current exchange rates) in mixed equity and debt funding round from venture debt fund Trifecta Capital, according to a report. BlackBuck marks the beginning of a new path in trucking - a path that is organized and makes trucking simple for every shipper and trucker. Founded in 2015 by IIT-Kharagpur graduates Yabaji, Chanakya Hridaya and Ramasubramaniam, BlackBuck will deploy these funds to penetrate deeper into the national freight transportation market. The company has accelerated its funding to five times as compared to the last funding which was US $ five million. Founded in 2015 by IIT-Kharagpur graduates Yabaji, Chanakya Hridaya and Ramasubramaniam, BlackBuck currently has over 300,000 trucks and 60,000+ fleet owners on its platform. BlackBuck raises $150 million to digitize freight and logistics across India. That month, it raised Rs 203 crore in a round led by new investor Sequoia Capital. BlackBuck, the Bengaluru-based logistics startup has raised INR 202 crores in a funding round from Sequoia Capital. Other existing investors including Accel Partners and Sands Capital also participated in the round, according to the regulatory filings by the startup. Bengaluru: Online freight aggregator Blackbuck (Zinka Logistics Solutions Pvt. It mopped up Rs 303 crore from Goldman Sachs and other investors in March this year and mobilised about Rs 250 crore last month. The B2B startup works on … Logistics firm BlackBuck raises $70m from Sands, Accel, others The company is a marketplace for shippers and truck owners and works with companies … In the trucking business vertical, BlackBuck competes with the likes of Delhivery, which has raised a capital of $670 million from SoftBank and Tiger Global among others, and Rivigo, that has secured a total funding of over $215 million from SAIF Partners and Warburg Pincus. Blackbuck is a pioneer in its space in the trucking industry and this has enabled it to get multiple funding rounds resulting in it becoming one of the largest players in the segment. 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