# BlackBuck

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blackbuck

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.blackbuck.com
- Total disclosed funding: $322M
- Latest round: Series E (Jul 28, 2021)
- Investors on record: 15

## About

BlackBuck, based in India, operates as the largest digital trucking platform, streamlining logistics by connecting shippers and truckers through a technology-driven marketplace that optimizes freight operations.Founded in 2015 in Bengaluru, India, BlackBuck specializes in the digital logistics space, facilitating the movement of goods through its platform. The company has completed a total of 17 deals, with its latest funding round being a Pre-IPO, raising INR 11.14 billion on November 8, 2024. The founders, Chanakya Hridaya, Rajesh Yabaji, Ramasubramanian B, and Shruthi Sayinedi, have significant experience in business development and technology.BlackBuck operates as India's largest digital trucking platform, primarily focusing on bridging the gap between shippers and truckers. The core offering includes a technology-enabled marketplace optimizing freight logistics, allowing businesses to connect with transporters for efficient goods movement. The platform features a user-friendly application for seamless booking, real-time tracking, and payment processing. By digitizing trucking processes, BlackBuck aims to enhance operational efficiency and reduce costs. Its services cater to diverse sectors including e-commerce, manufacturing, and retail, serving businesses primarily in urban and semi-urban areas across India and select international markets.For the year 2023, BlackBuck reported a revenue of INR 87,739,998.40, with an EBITDA of -INR 34,293,333.80. The company generates revenue through transaction-based fees for its digital platform services, charging a commission on completed bookings.Following a successful IPO in November 2024, BlackBuck plans to utilize the raised capital to expand its operations and enhance its technology offerings. The company aims to design and launch new product features tailored to streamline logistics further. Additionally, BlackBuck is targeting expansion into new geographical markets, enhancing its footprint beyond India, although specific regions have not yet been disclosed. The strategic use of the recent INR 11.14 billion funding will facilitate these growth initiatives.

## Funding rounds

- Series E, Jul 28, 2021, $69M — Wellington Management, IFC Asset Management Company, [DUP] International Finance Corporation, Sands Capital Alternatives, Tribe Capital, VEF
- Series D, Nov 27, 2019, $0.9M — [DUP] International Finance Corporation, Sands Capital Alternatives
- Series D, Apr 26, 2019, $32M — Accel, Hong Shan, International Finance Corporation, Goldman Sachs Asset Management, Wellington Capital Advisory, Light Street Capital Management, Sands Capital Alternatives, B Capital
- Series D, Mar 15, 2019, $80M — Accel, Goldman Sachs Asset Management, B Capital
- Series D, Dec 28, 2018, $12M — International Finance Corporation, Sands Capital Alternatives
- Series D, Oct 8, 2018, $27M — Accel, Hong Shan, Sands Capital Alternatives
- Series C, Mar 21, 2017, $40M — Accel, International Finance Corporation, Flipkart Internet Private Limited, Sands Capital Alternatives
- Series C, Feb 2, 2017, $33M — Accel, International Finance Corporation, Flipkart Internet Private Limited, Sands Capital Alternatives
- Series B, Jan 13, 2016, $23M — Accel, Tiger Global Management, Flipkart Internet Private Limited
- Series A, Jun 25, 2015, $4.5M — Accel, Flipkart Internet Private Limited

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series D
- Flipkart Internet Private Limited — Series A, Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- International Finance Corporation — Series C, Series D
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series C, Series D, Series E
- Hong Shan — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series D
- Wellington Capital Advisory (https://capitalatlas.ai/funds/wellington-capital-advisory) — Series D
- Light Street Capital Management (https://capitalatlas.ai/funds/light-street-capital-management) — Series D
- [DUP] International Finance Corporation — Series D, Series E
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series E
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series E
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series E
- VEF (https://capitalatlas.ai/funds/vef) — Series E