Total amount raised
$364 Millions
Latest funding date
Location
Blackbuck has successfully raised significant capital through multiple funding rounds, with its latest being a Series E round. The company is a leading digital trucking platform in India, simplifying logistics for shippers and truckers.
Keep reading to explore the intricacies of Blackbuck's fundraising journey and the investors backing this innovative platform.
What Is Blackbuck?
Blackbuck, founded in 2015, is headquartered in Bengaluru, Karnataka, India. The company was established by Chanakya Hridaya, Rajesh Yabaji, and Ramasubramaniam B.
As India's largest digital trucking platform, Blackbuck connects shippers with truckers, facilitating load booking and fleet management services. The platform leverages technology to streamline logistics operations, making the process more efficient and reliable.
With a workforce of 5001-10000 employees, Blackbuck continues to innovate in the logistics sector, offering solutions that include a mobile app for order creation and data-driven analytics to match demand and supply.
How Much Funding Has Blackbuck Raised?
- Series A
- Amount Raised: $5M
- Date: July 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin scaling operations.
- Series B
- Amount Raised: $25M
- Date: December 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance technology infrastructure.
- Series C
- Amount Raised: $70M
- Date: March 2017
- Lead Investors: Sands Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Debt Financing
- Amount Raised: ₹500M
- Date: October 2017
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage working capital and operational costs.
- Series D
- Amount Raised: ₹2B
- Date: October 2018
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and enhance service offerings.
- Series D
- Amount Raised: $150M
- Date: May 2019
- Lead Investors: Accel, Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and improve technology.
- Series D
- Amount Raised: ₹560M
- Date: November 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing expansion and operational needs.
- Debt Financing
- Amount Raised: $4M
- Date: May 2020
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage costs and sustain operations amid the COVID-19 crisis.
- Series E
- Amount Raised: $67M
- Date: July 2021
- Lead Investors: Tribe Capital, VEF
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
Total Amount Raised: $321M
Current Valuation: Not publicly disclosed
Key Investors
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that leverages data science to identify and invest in promising startups. They focus on high-growth companies and use a unique approach to evaluate potential investments.
- Investment Focus Areas: Technology, data science, high-growth startups
- Notable Investments: Slack, Carta, Bolt
- VEF
- Details: VEF is an investment company that focuses on fintech in emerging markets. They aim to support financial technology companies that can drive financial inclusion and innovation.
- Investment Focus Areas: Financial technology, emerging markets
- Notable Investments: Creditas, Konfio, TransferGo
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm providing financing solutions to high-growth startups in India. They offer debt capital to help companies manage their working capital and operational costs.
- Investment Focus Areas: Venture debt, high-growth startups
- Notable Investments: BigBasket, UrbanClap, CarDekho
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class companies. They have a strong track record of investing in early and growth-stage technology companies.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Facebook, Dropbox, Slack
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Technology, finance, healthcare
- Notable Investments: Uber, Spotify, WeWork
What's Next for Blackbuck?
Blackbuck stands at the cusp of significant growth opportunities. With a vast logistics network spanning over 1,000 locations and a fleet of 350,000 trucks, the company is well-positioned to expand its services and increase its market share. Leveraging its strong relationships with major B2B clients, Blackbuck can secure more contracts and enhance its technology platform, BlackBuck Blaze, to offer more efficient and innovative logistics solutions.
Future fundraising opportunities appear promising for Blackbuck. The company has a history of successful funding rounds and could attract further investments from venture capital firms and investment banks. Additional debt financing or equity funding could support its ambitious growth and expansion plans.
However, challenges remain. Blackbuck has faced significant financial losses and the impact of the COVID-19 crisis, leading to cost-cutting measures. Achieving profitability is crucial, and the company must navigate these hurdles to sustain its growth trajectory. The logistics industry’s shift towards digital solutions presents both an opportunity and a challenge, requiring continuous innovation and adaptation.
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