Bangalore-based Zinka Logistics Solutions Pvt. Ltd, which owns and operates tech-enabled logistics and supply chain solutions brand, Blackbuck, has raised fresh $12.5 million (Rs 87 crore) from some of its existing investors, reported VCCircle.
BlackBuck’s existing investor Sands Capital led the round by investing Rs 50.78 crore and rest came from
International Finance Corporation (IFC), the investment arm of the World Bank.
In October this year, the logistics firm had raised Rs 202.96 crore ($27.4 million) in a Series D round of funding led by Sequoia Capital along with participation from existing investors Sands Capital and Accel.
So far, the logistics startup has raised a total of about $148 million in funding over six rounds including this one.
Founded in 2015, by IIT Kharagpur alumni Rajesh Yabaji, Chankaya Hridaya, and Ramasubramaniam, Blackbuck offers B2B logistics solutions for long-haul trucking. With the help of its online marketplace, it facilitates intercity freight transportation by bringing together truckers and shippers.
BLackbuck has partnerships with World Bank and Indian government and claims to be present in 1000+ locations with 1200+ employees and 250,000+ trucks. The startup’s clients include leading SME and corporate giants like Coca-Cola, Unilever, among others.
The fundraise by BlackBuck comes within few days after an another logistics startup, LetsTransport, had raised Rs. 100 Crores from Bertelsmann India Investments, Fosun International and other investors.
[Top Featured Image – Glassdoor.co.in]
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