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