BlackBuck bounces back from Covid, reimagines its trucking business model

The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023

The Covid period of 2020 posed one of the biggest leadership tests for BlackBuck chief executive officer Rajesh Yabaji, who co-founded the trucking unicorn along with his junior at college—Chanakya Hridaya—and Ramasubramanian B, in 2015. 

After gaining recognition as India’s largest trucking platform and counting organisations such as Reliance, Amul and Tata Steel among its top customers, BlackBuck’s business model found itself severely disrupted by the coronavirus pandemic. In FY21, Bengaluru-based BlackBuck's revenue dipped by 61 per cent. The firm had posted an operating revenue of Rs 866.73 crore in FY21 from a pre-Covid high of Rs 2,235.7 crore in