What is BlackBuck? BlackBuck Review

BlackBuck Introduction

Blackbuck was founded three years ago by Zinka Logistics Solutions Pvt. Ltd, whose three co-founders are Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam. Currently, the service covers more than 300 locations across India, and the fleet size on its platform exceeds 100,000 trucks. On the BlackBuck platform, users can track truck dynamics in real time, and match vehicles according to logistics supply and demand between different cities to maximize the use of fleet resources.

BlackBuck Customers

Users range from individual users to small businesses that want to use moving services. BlackBuck's major customers include Asian Paints, Unilever, Coca-Cola, Britannia, Godrej, Marico, Jyothy Laboratories, and EID Parry.

BlackBuck Advantages

With abundant truck resources, high cost-effectiveness and good platform experience, its business has covered more than 1,000 places across India, with more than 200,000 trucks and more than 8,500 shippers on the platform.

BlackBuck Funding

In July 2015, it received a $5 million Series A funding from Flipkart Accel Partners.

In December 2015, BlackBuck received $25 million in Series B funding from investors including Tiger Global, Apoletto, Accel and Flipkart. The funds will be used for business expansion, product development and team expansion.

In March 2017, BlackBuck completed a US$70 million (approximately 4.76 billion Indian rupees) Series C financing round led by Sands Capital, the International Finance Corporation of the World Bank, and Accel Partners and local e-commerce giant Flipkart, which had previously invested in the company.

In March 2017, BlackBuck announced that it had received $70 million in Series C+ funding. The round was led by Sanda Capital, with participation from IFC (International Finance Corporation) under the World Bank, existing investor Accel and e-commerce giant Flipkart. BlackBuck had previously received $30 million in funding, including a $20 million Series B round in 2015. Apoletto, backed by billionaire Yuri Milner, is also an investor in the company.

In October 2017, BlackBuck completed its latest financing of 500 million rupees (about 7.69 million US dollars), led by InnoVen Capital, a venture capital firm under Singapore's sovereign fund Temasek.

In October 2018, Blackbuck completed a $27.4 million (about 2 billion Indian rupees) Series D financing, led by Sequoia Capital, a well-known venture capital firm. So far, the company's total financing amount has reached about $150 million.

In December 2018, logistics technology startup Blackbuck announced that it had completed a financing of US$12.5 million (approximately 870.2 million Indian rupees). The lead investor was Sands Capital, which had previously invested in the company, and the participating investor was the International Finance Corporation (IFC), an investment institution under the World Bank.

In March 2019, BlackBuck announced that it had completed a new round of financing of 3 billion rupees (about 43 million US dollars), led by Goldman Sachs and participated by B Capital, a venture capital firm owned by Facebook co-founder Eduardo Saverin.