- Oct 09, 2018
Sequoia leads a Fresh Investment in BlackBuck
Sequoia India has led fresh investment in Blackbuck, a logitics-tech startup. Zinka Logistics Solutions Pvt Ltd currently operates BlackBuck which has raised around INR 202.96 crore from new as well as existing investors. Sequoia India has led the round of funding with an infusion of around Rs. 108.75 crore. The remaining amount was contributed by Accel Partners and Sands Capital.
The company had undertaken its last funding in the month of March where it had raised about $70 million. Also it had raised an additional Rs. 50 crore in the month of October last year.
ABOUT BLACKBUCK
It was founded in the year 2015, by IIT Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. The company is responsible for bringing together shippers and truckers through its online marketplace in order to facilitate inter-city freight transportation. It currently serves across 1000 locations across the country.Read more at vccircle.com