wordpress blog stats
Connect with us

Hi, what are you looking for?

BlackBuck raises $25M from Tiger Global, Apoletto, Accel Partners & Flipkart



Bangalore based BlackBuck, a B2B logistics startup, has raised Series B funding worth $25 million from Tiger Global, Apoletto (Yuri Milner’s founders fund), Accel and Flipkart. It plans to use the funds for expansion, building products and setting up the team. A team of 200 currently, the company is operational in 40 locations in India, with plans to scale to 200 locations through next year. The company had previously raised $5 million from Accel and Flipkart earlier this year.

In a press statement, Binny Bansal, co-founder and COO of Flipkart said that “.. BlackBuck brings in new tech capabilities that will not only strengthen Flipkart’s supply chain, but will also pave the way for innovations in this area.” Earlier this month, Flipkart had acquired a strategic minority stake in MapmyIndia for an undisclosed amount, aiming to license map data and location technologies to pad its supply chain (first mile pickup, last mile delivery) and logistics operations.

BlackBuck was founded in April this year by Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. It’s parent company Zinka Logistics Solutions describes itself as an online marketplace for logistics transactions, whose customers include individuals, small businesses and corporates who want to use moving services. BlackBuck claims to bring truckers and customers on a platform to transact using auction engines on mobile interfaces. It also claims clients in Asian Paints, Unilever, Britannia, Godrej, Marico, Jyothy Laboratories and EID Parry.

Recent developments:

– Yesterday we reported that Mumbai based Parsel, a logistics company, had acquired Accord Ecom Solutions, a third party logistics provider, for an undisclosed amount. More on developments in the online logistics sector this year here.

Advertisement. Scroll to continue reading.

– Last month, Shadowfax, an on-demand delivery startup, acquired its peer Pickingo for an undisclosed amount in a cash and stock deal.

– In October, we reported that 90% of sellers were using Amazon’s warehouse and logistics services in the country. Amazon India has 21 fulfillment centres operating across 10 states in India with a total storage capacity of over 5 million cubic feet. (Related read: Amazon extends ATSL services to India to provide end-to-end logistics)

– In the same month, Mahindra & Mahindra launched SmartShift, a platform that connected cargo owners with transporters.

– Snapdeal invested $20 million in logistics firm GoJavas to enhance its supply chain and logistics.

– In June, Dubai based startup Fetchr raised Series A funding worth $11 million from multiple investors to launch its mobile app on Android and iOS and product development.

Image Credit: Axisadman

Advertisement. Scroll to continue reading.

Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ