Black Buck the logistics startup of Zinka Logistics Solution to get a fresh round of investment of about $27.4 million from its existing as well as new investors. According to MCS which is the Ministry of Corporate Affairs Black Buck is supposed to get an investment from a venture capitalist firm called Sequoia Capital India. Money is also collected from existing investor companies like Sands Capital and Accel Partners.
The funding of Black Buck is also being backed by the investment firm called Tiger Global who have their headquarters in the United States of America. The last time Back Buck raised investment was for Series C which was about one and a half years ago. After the latest round of investment Back Buck will be valued at around 190 million.
The investment raised by Black Buck was about 70 million from a company called Sands Capital from the United States. Clack Buck has also raised 50 crores from InnoVen Capital, which is a Singapore based company. Black Buck was first founded in the year 2015 and in just 3 years, it is estimated to be a $190-million-dollar company. Black Buck basically focuses on B2B logistics solutions and are basically involved in trucking and freight transportation. Right now Black Buck is spread over 1000 locations with over 2,00,000 trucks and 8,500 shippers under their network.
Some of the leading clients of this company are Jyothy Laboratories, Marico, Godrej, Britannia, Coke, Unilever, and Asian Paints. This is one of the very well funded companies right now, which has raised over $130 million from its investors around the world. Black Buck has been able to grow its business from Rs 81.25 crores to Rs 566.83 crores in just one year which is the biggest milestone for the company. With the growth of the company the expenditure has also increased drastically but even after that, the company was able to make a decent amount of profit from it.