Coca-Cola Company (The) (NYSE:KO), Unilever NV (NYSE:UN) - BlackBuck Raises $150 Million In Series D To Expand Services Across India
1 May 2019 10:31 PM IST
Indian freight marketplace startup BlackBuck has raised $150 million in its Series D investment, led by Goldman Sachs Investment Partners and Accel, with its valuation on the...
- Indian freight marketplace startup BlackBuck has raised $150 million in its Series D investment , led by Goldman Sachs Investment Partners and Accel, with its valuation on the edge of $1 billion, as reported by TechCrunch.
- Having raised a total of $285.2 million to date, BlackBuck is one of the leading logistics startups in the Indian ecosystem with over 300,000 trucks registered on its platform and having shippers like Coca-Cola (NYSE: KO ) and Unilever (NYSE: UN ) in its list of dispatchers.
- The Indian market, although one of the largest in the world, still suffers from inefficiencies within its supply chain landscape that stem from dependence on legacy systems and the opacity that prevails within logistics operations – distinctive marks of a developing economy.
- "We see enormous potential for innovation in the full truckload logistics market in India," said Sami Ahmad, head of Asia for Goldman Sachs Investment Partners Venture Capital & Growth Equity team.
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