BlackBuck, the business to business (B2B) logistics startup has raised Series B funding of US$ 25 Million from Tiger Global, Apoletto (DST-Yuri Milner’s Founders Fund), Accel and Flipkart. They had received a US $5 million funding earlier this year from Accel Partners and Flipkart.
BlackBuck was founded by a 3 member team with a cumulative 25 Years of Logistics Experience – “Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam”.
BlackBuck would utilize the funds to ramp up expansion, build products and set-up the team. Since its inception in April 2015 BlackBuck is now a team of 200 people and has presence in 40 locations across the country.
They plan to expand their footprint to 200 locations through the next year. They already boast of a clientele with names like Asian Paints, Unilever, Britannia, Godrej, Marico, Jyothy Laboratories and EID Parry.
BlackBuck is an online marketplace for logistics transactions, helping customers move Full Truck Loads between cities. BlackBuck brings truckers and customers on a platform to execute the transaction using intelligent auction engines equipped with smart mobile interfaces.