BlackBuck
also invests · investor profileBangalore, IN · 4,770 employees on LinkedIn · Public · 16 known investors
BlackBuck operates a technology platform for the trucking industry. The company facilitates transformation of trucking operations for logistics and freight businesses.
Also known as Black Buck · BlackBuck Limited · Zinka Logistics Solutions Limited · Zinka Logistics Solutions Pvt. Ltd.
Founders & leadership
Investors · 16
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Also in the syndicate · 4
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026BlackBuck, legally Zinka Logistics Solutions (now BlackBuck Limited, formerly Zinka Logistics Solutions Limited), operates a digital platform for India's trucking sector. Its product set spans payments (including tolling and fuelling), telematics for vehicle and fuel-level tracking, an online loads marketplace matching shippers with truckers, and vehicle financing. Truck operators use the BlackBuck mobile app to run day-to-day operations of their businesses [0].
The platform serves both shippers and fleet operators, using data science to match loads with trucks and to support price discovery, and has extended into infrastructure around trucking such as insurance and financial services [4][5]. The company has stated it partnered with the World Bank and the Indian Government on policy initiatives including the Goods & Services Tax and the E-Way Bill [5]. Its long-haul freight coverage spans sectors such as minerals, metals and FMCG [3].
BlackBuck Limited is registered at Vaswani Presidio, Panathur Main Road, Bangalore 560103, Karnataka, with CIN L63030KA2015PLC079894, and is listed on the NSE and BSE [6].
Founding story
The company was founded in April 2015 (incorporated 20 April 2015) by Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B [4][5]. Yabaji conceived the idea while working at ITC Limited, where trips to roads and toll plazas to hire trucks for load transportation suggested that the aggregator model then emerging among Indian cab companies could be applied to freight; he has described the goal as solving the trucking problem faced by large corporate shippers such as Coca-Cola, HUL and PepsiCo [4]. Yabaji and Hridaya both hold degrees from IIT Kharagpur and previously worked at ITC; Ramasubramaniam B was previously a director at Miebach Consulting [4].
Business model
BlackBuck runs a B2B and B2C technology platform connecting shippers with truck owners and fleet operators, layering transaction services (tolling and fuel payments), telematics hardware/software, a loads marketplace and vehicle finance on top of the matching function [0][4][5].
Sources do not describe the pricing mechanics in detail; the company reports revenue from operations of Rs 651.97 crore in FY26 across its payments, telematics, marketplace and vehicle finance businesses, with growth attributed to core businesses and an increase in transacting customers [0][7].
Traction
As of July 2021 the network comprised over 700,000 truckers operating 1.2 million trucks in India, with more than 15 million monthly transactions on the platform [3]. A secondary profile cites 15,000+ clients as of December 2023 [4]. For FY26 the company reported total income of Rs 714.60 crore (up 55%), revenue from operations of Rs 651.97 crore (up 53%), adjusted EBITDA of Rs 190.14 crore (up 84%) and net profit of Rs 160.34 crore, versus a net loss of Rs 8.66 crore the prior year [7].
Latest developments
In FY26 BlackBuck turned profitable with a net profit of Rs 160.34 crore. In April 2026 it allotted 99,793 equity shares under its ESOP 2016 and ESOP 2019 schemes and granted fresh options for 66,667 shares. In May 2026 it reported cumulative utilisation of INR 444.361 crore of its INR 550 crore IPO fresh-issue proceeds and struck off dormant subsidiary ZZ Logistics Solutions Private Limited. In April 2026 it confirmed non-Large Corporate status under SEBI's framework, with outstanding borrowings of ₹25.71 crore as of 31 March 2026 and an ICRA A2+ rating. Its Q1 FY27 earnings call was held on 29 July 2026, where management cited AI productivity gains and momentum in its Superloads offering [6][7].
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Described by secondary sources as India's largest trucking platform and an Indian unicorn; it was the first logistics company in India to reach unicorn status in 2021 [3][4][5].
Positions itself on bringing offline trucking operations online end to end — matching, payments, telematics, financing and insurance — with data science used for price discovery and matching, rather than acting solely as a freight broker [0][4][5].
Technology
A mobile app and platform with data science at its core, covering load matching and price discovery, telematics for vehicle and fuel-level tracking, and digital payments for tolls and fuel; the company has said it invests in product and data-science capabilities, and in 2026 cited AI-driven productivity gains on its Q1 FY27 earnings call [0][3][4][7].
Go-to-market
Direct acquisition of truckers onto its app combined with a channel-partner network: as of 2021 the company cited pan-India coverage through 5,000 channel partners and direct trucker partnerships that extended geographic coverage to 600 districts over two years [3].
Truck operators, fleet owners and truckers in India, and shippers moving inter-city freight in sectors including minerals, metals and FMCG; more than 90% of the platform's trucking loads were used by small and medium enterprises as of 2021, versus predominantly large enterprises earlier [0][3][4].
Geography
Headquartered in Bangalore, Karnataka, India, with pan-India coverage extending to 600 districts as of 2021; the company entered Europe in 2020, opening an office in Poland and running pilots of its trucking management solution [3][4][6].
History
Founded in April 2015, BlackBuck raised $5 million in seed capital in the same month and a $25 million Series C in December 2015 [4][5]. In July 2021 it raised $67 million in a Series E at a $1.02 billion valuation, becoming the sixteenth Indian startup and the first logistics firm to reach unicorn status that year [3]. It entered Europe in 2020 with pilots of its trucking management solution and an office in Poland [3]. Parent company Zinka Logistics launched its IPO on 13 November 2024 at a valuation of INR 4,818 crore [4]. The listed entity was subsequently renamed BlackBuck Limited [6]. In FY26 the company reported its first annual profit, and in May 2026 struck off a dormant wholly owned subsidiary, ZZ Logistics Solutions Private Limited [6][7].
Risks & controversies
The company has faced Indian tax and GST proceedings: an appeal was dismissed and a ₹22.42 crore GST demand upheld (August 2026), and a ₹1,00,000 penalty was paid in June 2026 for procedural lapses on tax invoices and non-submission of information; separate orders in April 2026 were favourable, allowing ESOP expense claims for AY 2021-22 and AY 2022-23, and a tax penalty for AY 2018-19 was dropped [7]. Promoter Ramasubramanian Balasubramaniam pledged 630,000 shares (0.35% of equity) for personal borrowing in June 2026 [7]. Company Secretary and Head-Legal Barun Pandey resigned effective 31 July 2026 [7]. Note: a separate Canadian trucking company, Blackbuck Logistics (blackbuckinc.com), shares the name but is unrelated.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 11
launches, deals, and filingsBarun Pandey, Company Secretary, Compliance Officer and Head Legal, resigned to pursue an opportunity outside the organisation, relieved from close of business on 31 July 2026.
Promoter Ramasubramanian Balasubramaniam pledged 630,000 shares (0.35% of equity) to 360 One Distribution Services Limited for personal borrowing; disclosure later revised in July 2026.
Two orders from the Karnataka Commercial Tax Authority levied an aggregate Rs 1,00,000 penalty for tax-invoice issuance lapses (AY 2023-24) and non-submission of information (AY 2025-26); the company said the orders are not material.
Reported net profit of Rs 160.34 crore for FY26 versus a Rs 8.66 crore loss in the prior year, total income of Rs 714.60 crore (+55%), revenue from operations of Rs 651.97 crore (+53%) and adjusted EBITDA of Rs 190.14 crore (+84%).
The Ministry of Corporate Affairs struck off ZZ Logistics Solutions Private Limited, a non-material wholly owned subsidiary with nil turnover, revenue, income and net worth and no operations since incorporation; disclosed to NSE and BSE under Regulation 30 of SEBI LODR with no sale consideration.
Allotted 18,596 shares under ESOP 2016 and 81,197 under ESOP 2019 at Re 1 exercise price, raising paid-up capital to Rs 18,18,96,405; also granted fresh options for 66,667 shares under ESOP 2019 vesting 25% over four years.
The Deputy Commissioner of Income Tax, Bengaluru allowed ESOP expense claims of Rs 15,93,74,127 for AY 2021-22 and Rs 90,65,37,976 for AY 2022-23, setting aside earlier disallowances under Section 37(1).
Parent company Zinka Logistics launched its IPO on 13 November 2024; valuation cited at INR 4,818 crore as of November 2024.
Series E led by Tribe Capital, IFC Emerging Asia Fund and VEF, with participation from Wellington Management, Sands Capital and International Finance Corporation; proceeds earmarked for market penetration, new services, and product and data-science capabilities.
$67M source ↗
BlackBuck entered Europe and began running pilots of its trucking management solution, opening an office in Poland.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Company - BlackBuckblackbuck.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does BlackBuck do?
- Indian trucking technology platform offering payments, telematics, a loads marketplace and vehicle financing to truck operators.
- Who founded BlackBuck?
- BlackBuck was founded by Rajesh Yabaji, Chanakya HRidaya, Ramasubramaniam B.
- Who are BlackBuck's investors?
- BlackBuck's investors include Accel, B Capital Group, B4 Capital, Evolution VC Partners, Peak XV Partners, Silicon Ventures, Trifecta Capital Advisors, VEF and 4 more.
- Where is BlackBuck headquartered?
- BlackBuck is headquartered in Bangalore, IN.