Business NewsFunding

BlackBuck To Raise $150 mn Funds

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Bangalore-based B2B logistics startup, BlackBuck is raising $150 million in its latest round of funding. This round is led by Accel US Growth Fund, Goldman Sachs, B Capital, and Sequoia Capital.

As reported by ETRISE, Goldman Sachs has invested $30.7 million in Zinka Logistics Solutions, which operates BlackBuck, B Capital has invested $12.8 million.

Moreover, this funding will lead the company’s valuation to $800-$850 million from its valuation of about $180 million in 2017.

BlackBuck, founded in 2015, has been a pioneer in bringing the offline operations of trucks online.

It offers the services of matching a shipper with a trucker, reshaping the infrastructure around trucking to facilitate payments, insurance, and financial services.

Related Article: SME Corner raises Rs 90 crore in Equity, Debt

The startup makes it easier for truckers to book a load and move. Also, it enables the shippers of all sizes to access the right truck.

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