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BlackBuck Secures $36M From Accel Venture Capitalist

Zinka Logistics Solution Private Limited, which operates a business to business technology-enabled logistics startup BlackBuck, has now secured $36.07 Million in the funding round.

The investment was led by the existing investor Accel Venture Capitalist, which contributes $30.92 Million and rest was put by the B Capital.

B Capital had also earlier invested $12.8 Millin as a part of $43.53 Million round led by the American headquartered investment bank Goldman Sachs last month.

The fresh funding is going to be a part of a larger round that the company hopes to raise, according to the report which has been revealed. BlackBuck is also likely to achieve the unicorn status by the end of the round.

In the month of December 2018, the firm had also secured $12.43 Million from some of the existing investors Sands Capital and International Finance Corporation, which is World Bank Private Sector firm.

BlackBuck

BlackBuck was founded by the IIT Kharagpur Alumni Rajesh Yabaji, Ramasubramanian and Chanakaya Hridaya in 2015. The company offers the Business to Business logistics solutions for the long haul trucking. It brings together both the truckers and shippers with its online marketplace to facilitate the intercity freight transportation.

Picture Credits: BlackBuck

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