Total amount raised
$364 Million
Latest funding date
7/1/2021
Location
Blackbuck has successfully raised funding over nine rounds, with the latest being a Series E. The company is backed by 18 investors, including Sands Capital Ventures and VEF.
As India's largest digital trucking platform, Blackbuck continues to innovate in the logistics sector. Keep reading to explore the intricacies of Blackbuck's fundraising journey and the investors backing this transformative platform.
What Is Blackbuck?
Blackbuck, headquartered in Bengaluru, Karnataka, India, is a leading player in the logistics sector. Founded to simplify trucking for shippers and truckers, the company operates in various industries including information services, logistics, supply chain management, and transportation.
As India's largest digital trucking platform, Blackbuck employs between 5001 and 10000 people. The company has successfully raised funding through multiple rounds, with the latest being a Series E round.
How Much Funding Has Blackbuck Raised?
- Series E
- Amount Raised: USD 67,000,000
- Date: July 2021
- Lead Investors: Tribe Capital, VEF
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Blackbuck's growth and expansion in the logistics sector.
- Debt Financing
- Amount Raised: USD 4,000,000
- Date: May 2020
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the operations and growth of Blackbuck's logistics platform.
- Series D
- Amount Raised: INR 560,000,000
- Date: November 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand Blackbuck's market presence and technological capabilities.
- Series D
- Amount Raised: USD 150,000,000
- Date: May 2019
- Lead Investors: Accel, Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series D
- Amount Raised: INR 2,029,600,000
- Date: October 2018
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Blackbuck's logistics network and technology infrastructure.
- Debt Financing
- Amount Raised: INR 500,000,000
- Date: October 2017
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Series C
- Amount Raised: USD 70,000,000
- Date: March 2017
- Lead Investors: Sands Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
- Series B
- Amount Raised: USD 25,000,000
- Date: December 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve service delivery.
- Seed
- Amount Raised: USD 5,000,000
- Date: July 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch and establish the business.
Total Amount Raised: USD 321,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that invests in early-stage technology companies. They focus on identifying and supporting high-growth startups.
- Investment Focus Areas: Technology, Fintech, SaaS
- Notable Investments: Carta, Bolt, Relativity Space
- VEF
- Details: VEF is an investment company that focuses on emerging markets. They aim to invest in high-growth companies that are transforming their industries.
- Investment Focus Areas: Fintech, E-commerce, Digital Health
- Notable Investments: Creditas, Konfio, TransferGo
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides financing solutions to high-growth companies in India. They offer flexible debt capital to support business expansion.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: BigBasket, UrbanClap, Rivigo
- 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-stage startups.
- Investment Focus Areas: Technology, Consumer, Enterprise
- 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: Finance, Technology, Real Estate
- Notable Investments: Uber, Spotify, WeWork
What's Next for Blackbuck?
Blackbuck stands at the cusp of significant opportunities in the logistics sector. With the potential to raise funds through debt financing, as evidenced by the recent $4 million from Trifecta Capital, the company is well-positioned to capitalize on the growing demand for efficient logistics solutions. This funding avenue could be a stepping stone for future financial rounds, enabling Blackbuck to scale its operations and enhance its technological capabilities.
However, the path forward is not without challenges. The logistics industry is highly competitive, and maintaining operational efficiency while meeting market demand will be crucial. As Blackbuck navigates these hurdles, its ability to innovate and adapt will determine its success in securing further investments and expanding its market presence.
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