Logistics Unicorn BlackBuck Raises INR 553 Cr Series D Round
5 April 2019 12:59 AM GMT
The company?s filings also showed that it aims to achieve profitability by December 2021.
- Bengaluru-headquartered logistics startup BlackBuck has raised INR 553 Cr ($79.9 Mn) in a Series D round from Accel Partners US, Goldman Sachs and B-Capital.
- According to the Ministry of Corporate Affairs filings of BlackBuck's parent company Zinka Logistics Solutions Pvt Ltd, accessed by Inc42, the company raised the funds in two rounds of INR 249.78 Cr ($36.09 Mn) and INR 303.31 Cr ($43.28 Mn) issuing 12,903 and 15,668 Series D compulsorily convertible preference shares respectively.
- Accel Growth Fund V LP picked up 11,060 Series D CCPS at INR 214.1 Cr
- Global Private Opportunities Partners III LP picked up 11,060 Series D CCPS at INR 214.1 Cr
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