Online freight aggregator Blackbuck raises $70 million

Blackbuck eyes partnerships and acquisitions

Online freight aggregator Blackbuck has raised $70 million in fresh funding, led by US-based venture capital investor Sands Capital, as it eyes partnerships and acquisitions.

The round which also saw participation from existing investors such as Tiger Global, Accel Partners and Flipkart, comes ahead of Blackbuck’s goal to achieve earnings before interest, tax, depreciation and amortization (Ebitda) profitability in the next three months.

“We’ve grown in a very capital efficient way. Majority of the proceeds of the previous round are still in the bank. This particular round is towards having more money which creates more avenues to look at investing in the