Bangalore-based business-to-business logistics startup Blackbuck, run by Zinka Logistics Solutions Pvt. Ltd, has appointed Arvind Singhal as its chief operating officer for one of its largest business unit, a company statement said.
“We are confident that his addition will bring much more momentum to our journey in redefining the freight ecosystem,†said Rajesh Yabaji, co-founder and CEO of the startup.
In March this year, BlackBuck raised $70 million (Rs 476 crore) in a Series C funding round led by Sands Capital. Existing investors Accel Partners and Flipkart also participated in this round, along with International Finance Corporation, the World Bank’s private-sector investment arm.
In late 2015, the startup raised $25 million in Series B funding from Tiger Global, Russian billionaire Yuri Milner’s Apoletto, Accel Partners, and Flipkart. Earlier in 2015, it had received $5 million in funding from Accel Partners and Flipkart.
BlackBuck was founded in April 2015 by IIT Kharagpur alumni Yabaji, Chanakya Hridaya and Ramasubramaniam B. The company focuses on B2B logistics solutions for long-haul trucking. Its technology platform brings together shippers and truckers through its online marketplace to book freight for inter-city transportation.
BlackBuck competes with the likes of Rivigo, a Gurgaon-based logistics services provider operated by TrucksFirst Services Pvt. Ltd, which secured $75 million from private equity firm Warburg Pincus in a Series C round in November last year.
