Blackbuck is now in talks to secure around Rs 1040 crore in the latest funding round from Accel Partners, Goldman Sachs, Sequoia Capital, and others.
This round makes the four-fold increase in its valuation from the $180 Million in 2017 when it secured the last funding.
Blackbuck is in direct competition with the Rivigo in its trucking business segment. These startup as of now are competing in the market which is underdeveloped, fraught and highly fragmented with the inefficiencies which can even be potentially disrupted through the latest technology leverages.
BlackBuck which is founded by the IIT Kharagpur alumni, Chanakaya and Yabaji. It uses the latest technology to match a shipper with a trucker, addresses information mismatch and facilitates price discovery, thus driving efficiencies. It also facilitated the infrastructure around the trucking which includes the insurance, payment and financial services.
Picture Credits: Blackbuck