BlackBuck raises fresh funds in series D round
1 May 2019 4:58 PM GMT
Goldman Sachs arm, Accel Partners led the $150 million funding round.Deal?said?to?value?online?freight?service?provider?at close to $950?mn
- Ltd, which operates online freight service provider BlackBuck, said it has raised $150 million ( ₹ 1,050 crore) in a Series D equity funding round led by Goldman Sachs Investment Partners and Accel Partners.
- With the latest funding round, the total investment in the company to date has touched $230 million ( ₹ 1,600 crore).
- We believe that with its technology-enabled approach to logistics and associated services, Blackbuck is well positioned to better serve the needs of shippers, fleet owners, and truck drivers," said Sami Ahmad, head of Asia for Goldman Sachs investment partners venture capital & growth equity team.
- It acts as a marketplace connecting potential customers with truck owners and freight operators for inter-city transport of goods.