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BlackBuck, a leading full truck load inter-city logistics provider, has raised ₹476 crore ($70 million) in a Series C funding round from Sands Capital and existing investors. It will use the money to build technology led products for the freight industry and to scale up operations.
Founded by three logistics industry veterans in April 2015, BlackBuck has over one lakh trucks on its platforms and is present in over 300 locations across the country. Its clients include companies such as Asian Paints, Unilever, Coke, Britannia, Godrej, Marico, Jyothy Laboratories and EID Parry. In early 2015, BlackBuck had raised Series A funding of $5 million from Accel Partners and Flipkart, and a $25-million Series B round from Tiger Global and Apoletto, with co-investment from Accel and Flipkart, in December 2015.
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