BlackBuck Raises $25 Million from Tiger Global and Yuri Milner

Indian based logistics marketplace BlackBuck was successfully able to raise $25 million in the latest rounding of Series B funding. Some of the investors that showed confidence in the company include Apoletto, Tiger Global and Yuri Milner.

Early this year, $5 million was pumped into the organization by Flipkart and Accel. The officials of BlackBuck confirmed that the fresh funding will be utilized for expansions, product buildings and team management.

BlackBuck which aims to be the largest transportation company in the world is formed to recreate the logistics commerce. It provides a platform to execute the transactions using smart mobile interfaces and has already bagged some of the biggest clients in the country.

blackbuck-raises-25-million-from-tiger-global-and-yuri-milner

As India’ freight industry is getting bigger every year with a current estimate of $100 billion, it makes sense for the investors to tap this highly fragmented market. The founders also mentioned to expand the business globally by end 2016.

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