IFC to invest $10 million in online freight-booking service Zinka Logistics

Bengaluru-based Zinka connects large and small shippers with truck owners

International Finance Corporation (IFC) is planning to invest around $10 million as equity in Zinka Logistics (previously called, Blackbuck), a technology platform for long-haul trucking.  

Zinka's existing investors include Accel Partners, Tiger Global, Apoletto and Flipkart Logistics.

The 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. 

Zinka will use the funding to expand its service offerings and further technology development, IFC said.

Bengaluru-based Zinka, founded by Rajesh Yabaji, Chanakya Hridaya, and Bala Ramasubramania in April 2015 and launched in July 2016 is