BlackBuck, a business-to-business logistics startup , has raised USD 25 million (about Rs 167 crore) in funding from Tiger Global, Apoletto (DST-Yuri Milner’s Founders Fund), Accel and Flipkart. The company had received USD 5 million funding earlier this year from Accel Partners and Flipkart.
The startup, owned by Zinka Logistics Solutions Pvt Ltd, would use the funds for expansion, to build products and set up the team.
BlackBuck was founded in April this year by IIT Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B.
BlackBuck has 200 employees and has presence in 40 locations across the country. It plans to expand to 200 locations over the next year.
The company said its clients include Asian Paints, Unilever, Britannia, Godrej, Marico, Jyothy Laboratories and EID Parry.
Anand Daniel, who led Accel Partners’ investment in BlackBuck, said the company’s tech-enabled marketplace model makes it uniquely placed to scale rapidly in a large industry that is highly fragmented.