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Logistics marketplace Blackbuck gets Rs 50 crore from InnoVen Capital

Bangalore based BlackBuck, a B2B logistics startup, has raised Rs 50 crore in venture debt from InnoVen Capital. The company will use the capital for expansion of its service offerings, and penetrate deeper in the country. BlackBuck was founded in April 2015 by Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. It’s parent company Zinka Logistics Solutions describes itself as an online marketplace platform for freight where shippers and fleet operators transact. BlackBuck claims to bring truckers and customers on a platform to transact using auction engines on mobile interfaces. It has clients like Tata Steel, Unilever, Marico- to name a few. Previous Funding: In March, Blackbuck raised $70 million in equity funding from US-based VC firm Sands Capital and World Bank arm International Finance Corp., existing investors Accel Partners and Flipkart Ltd. The logistic startup had raised Series B funding worth $25 million from Tiger Global,…

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