Business Standard

BlackBuck in talks with B-Capital, Goldman Sachs to raise $150 mn

BlackBuck last raised $30 million from Sequoia, Sands Capital and Accel India in mid-2018

Rupee, Money, Mutual Funds
Premium

Representative image

Yuvraj Malik Bengaluru
Logistics start-up BlackBuck is close to sealing a new financing round of $150 million from new and existing investors to support a major push into financial services, truck servicing and other businesses.

This move will help its core freight marketplace business in the country, sources said.
 
B-Capital, the venture capital firm of Facebook co-founder Eduardo Saverin, Goldman Sachs and Accel Partners US, are said to be leading the series D round. 

Existing investors Sequoia Capital and International Finance Corp, a unit of the World Bank Group, are topping up their investments, with the latter infusing $10 million, sources said.

“Commitment for about $150

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in