Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

funding-investment4Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC). Citing two unnamed persons close to the matter, Mint reported that both Sands […]

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B2B logistics startup BlackBuck to raise $10 mn from IFC

For-Blackbug-Story-TC_ThinkstockPhotos-500646181International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd, drive growth in contract and spot business and build ancillary services […]

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Exclusive: Truck aggregator Ezytruk secures angel funding from Dubai-based investors

EzytrukBangalore-based logistics and truck aggregator Ezytruk Solutions Pvt Ltd has raised $147,000 (Rs 1 crore) in angel investment from Dubai-based investors Ajith Nair and Anish K. The startup will use the fresh capital to establish its commercial operations and invest in marketing and Internet of Things (IoT) development, a top company executive told TechCircle.in. “We […]

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Freight service marketplace Comet raises funding from India Quotient, others

For-Comet-Story-TC_ThinkstockPhotos-497130166Mumbai-based Hyperflux Solutions Pvt. Ltd, which operates Comet, an online marketplace for international freight services, has raised an undisclosed amount in a pre-Series A funding round led by early stage investment firm India Quotient. Dubai-based Nobel House, Sunstone Capital and serial entrepreneur-cum-angel investor Alok Mittal also participated in the round. Meanwhile, marquee investor Rajul Garg […]

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Exclusive: Relocation service provider Pikkol raises angel funding

PikkolBengaluru-based relocation service provider Pikkol has received seed funding from a group of angel investors, including Ajay Nanavati, former chairman of 3M India, the Indian arm of US multinational conglomerate 3M Co. and Afsal Salu, co-founder of hyperlocal delivery company Delyver, which was acquired by BigBasket. Financial details of the transaction were not disclosed. R […]

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IAN invests in relocation service provider Pikkol

PikkolBangalore-based relocation service provider Pikkol has raised an undisclosed amount of funding from Indian Angel Network. Angel investor, CEO & managing trustee Bangalore Political Action Committee (BPAC) Revathy Ashok and Raj Rathi led the funding round on behalf of IAN. As part of the investment, Rathi will join the board of the company. “Relocating to […]

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IAN invests in relocation service provider Pikkol

PikkolBangalore-based relocation service provider Pikkol has raised an undisclosed amount of funding from Indian Angel Network. Angel investor, CEO & managing trustee Bangalore Political Action Committee (BPAC) Revathy Ashok and Raj Rathi led the funding round on behalf of IAN. As part of the investment, Rathi will join the board of the company. “Relocating to […]

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Exclusive: Freight logistics marketplace Dipper raises angel funding

Delhi-based freight logistics marketplace Dipper, run by Dipper Technologies Pvt. Ltd, has raised funding from an angel investor. The company, will use the funds for marketing initiatives and ramping up operations, besides expanding its teams in Delhi and other zones, Suryansh Jalan, co-founder and CEO, Dipper, told Techcircle. It will also use the capital for […]

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Exclusive: Logistics startup BlackBuck eyes acquisitions in IoT space

BlackBuckTiger 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. “We are evaluating two to three companies in the field […]

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Logistics startup Zebroads gets $75K in seed funding

ZebroadsZebroads, which offers logistics and warehousing services to small companies, has secured seed funding of $75,000 (Rs 50 lakh) from a bunch of unnamed investors. The Hyderabad-based startup will utilise the capital raised to increase its warehousing capacity and to add more logistics partners to its network, Chandra Shekhar, founder, Zebroads told Techcircle.in. Founded in […]

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