What is BlackBuck? BlackBuck Review, Features

Founded in 2015, BlackBuck is a startup B2B logistics company that mainly provides B2B logistics solutions for long-distance freight companies.

About BlackBuck

• BlackBuck was founded in April 2015. Its parent company is Zinka Logistics Solutions Pvt. Ltd (an online logistics trading platform). Its three co-founders are Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam. BlackBuck claims to use mobile interfaces to bring trucks and users together on a platform to complete transactions.

• The company mainly provides B2B logistics solutions for long-distance freight carriers. It brings together shippers and truck drivers through its online marketplace to solve inter-city freight problems.

• On the BlackBuck platform, users can track truck dynamics in real time, and match vehicles based on logistics supply and demand between different cities to maximize the use of fleet resources.

user

BlackBuck users include individual users and small businesses that want to use relocation services. Major users of BlackBuck include Asian Paints, Unilever, Britannia, Godrej, Marico, Jyothy Laboratories, Coca-Cola and EID Parry.

Advantages

BlackBuck has abundant truck resources, high cost-effectiveness and good platform experience. Currently, BlackBuck's services cover more than 2,000 locations across India, and the fleet size on its platform exceeds 400,000 trucks.

Development History

-In April 2015, BlackBuck was founded.

-In June 2015, it received Series A funding from Accel Partners and Flipkart.

-In August 2015, the Supply APP was launched for supply partners.

-In December 2015, it received US$25 million in Series B funding from investors including Tiger Global, Apoletto, Accel Partners and Flipkart.

-In February 2016, we launched a demand APP for SME shippers: Find Truck.

-In March 2017, BlackBuck raised $70 million (Rs 4.76 billion) in a Series C funding round led by Sands Capital, the World Bank’s International Finance Corporation, and previous investors Accel Partners and Flipkart.

-In July 2017, the “Service Platform” was launched.

-In October 2017, BlackBuck completed its latest financing of 500 million rupees (about 7.69 million US dollars), led by InnoVen Capital, a venture capital firm under Singapore's sovereign fund Temasek.

-In April 2018, it was awarded the title of "Startup of the Year" by CNBC TV18.

-In August 2018, a “driver app” was launched for truck drivers: BlackBuck Inam.

-In October 2018, BlackBuck completed a $27.4 million (about 2 billion Indian rupees) Series D financing, led by Sequoia Capital, a well-known venture capital firm. So far, the company's total financing amount has reached about $150 million.

-In March 2019, BlackBuck announced that it had completed a new round of financing of 3 billion rupees (about 43 million US dollars), led by Goldman Sachs and participated by B Capital, a venture capital firm owned by Facebook co-founder Eduardo Saverin.