 "IFC plans to invest $10 million in Zinka Logistics")
International Finance Corporation (IFC) is planning to invest around $10 million as equity in Bengaluru-based Zinka Logistics Pvt Ltd (Blackbuck), a technology platform for long-haul trucking. The company's existing investors include Accel Partners, Tiger Global, Apoletto and Flipkart Logistics.
IFC's proposed investment will be in the form of equity for a minority stake to support the expansion of the company's service offerings and further technology development. The company will use IFC's funding to expand it's service offerings and further technology development, said IFC.
The company was founded by Rajesh Yabaji, Chanakya Hridaya and Bala Ramasubramania in April 2015 and launched in
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