Indian Logistics StartUp BlackBuck Receives 70 Million USD Investment
BlackBuck StartUp has increased its total value to 100 million USD with a new investment of 70 million USD from its new investor Sands Capital and its current investors Accel Partners and e-commerce giant Flipkart.
Blackbuck, which went live in 2015, aims to provide a solution to the inefficiency of traditional structures in the Indian logistics industry. StartUp provides services for the sector to be restructured with a great digital transformation and to have a reliable and effective structure. Arguing that such a digital transformation will be a new beginning for the Indian Logistics Industry, Blackbuck was established in July 2015 with an investment of 5 Million USD.
StartUp, which attracted the attention of the USA-based Accel Partners investment group in a short time, increased its total value to 30 million USD with 25 million USD received in November 2015. With StartUp’s new investment of 70 million USD, its total value has reached 100 million USD.