The logistics startup BlackBuck is redefining the logistics landscape of India and is making it reliable and efficient. Their comprehensive approach to problems creates impact on the entire ecosystem of transportation, which stitches across large number of livelihoods.
As per the fresh information that is coming in from the startups end, Tiger Global-backed startup BlackBuck, run by Zinka Logistics Solutions Pvt. Ltd, is scouting for acquisitions to bolster its play in the competitive logistics sector. It is looking at a couple of acquisitions to power up its tech infrastructure, said Rajesh Yabaji, founder and CEO, Blackbuck.
While speaking about the development, Rajesh mentioned,
“We are evaluating two to three companies in the field of Internet of Things and product optimisation,”
Looking at the possiblities that are in offering Saikiran Krishnamurthy, the newly appointed CEO of Flipkart’s logistics arm eKart, has joined the board of BlackBuck. Flipkart is also an investor in the business-to-business logistics startup, and has a decent stake in it.
While talking about how Flipkart has been a big support to them, Rajesh further added,
“Flipkart wants to radically transform the entire logistics play in the e-commerce space. We do not do e-commerce and Flipkart is not a client,” He further added, “We see Krishnamurthy’s arrival on board as a strategic, long-term partnership to crack the logistics sector.”
BlackBuck was founded in April last year by IIT Kharagpur alumni Yabaji, Chanakya Hridaya and Ramasubramaniam B. It has secured $30 million so far in two rounds of fundraising from Tiger Global, Russian billionaire-investor Yuri Milner’s Apoletto fund, Accel Partners and Flipkart.
The Bangalore-based firm has made a series of top-level management hires recently, the latest being the appointment of Shilpi Pandey as head of human resources. In her most recent role, she was the vice president – HR at CommonFloor and had worked with Infosys, Wipro and Aditya Birla Group in the past.