Blackbuck has filed a draft red herring prospectus (DRHP) for a fresh issue of Rs 550 crore.
Offer for Sale
The IPO includes an offer for sale of 2.16 crore shares.
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Founders Selling Shares
Founders Rajesh Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam are selling shares.
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Investor Participation
Accel, Tiger Global, Flipkart, and IFC are among the investors selling shares in the IPO.
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Revenue Growth
Blackbuck's revenue surged by 69% from Rs 176 crore in FY23 to Rs 297 crore in FY24.
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Reduced Net Loss
The net loss reduced from Rs 290 crore in FY23 to Rs 194 crore in FY24.
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Use of IPO Proceeds
IPO proceeds will fund marketing, invest in its NBFC arm, product development, and general corporate purposes.
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About Blackbuck
Founded in 2015, BlackBuck is a B2B online trucking platform connecting companies with truckers.
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Fundraising Round
The Series E funding round was led by Tribe Capital, IFC Emerging Asia Fund, and VEF.
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Largest Trucking Network
BlackBuck boasts India's largest trucking network with robust technology platforms for shippers and truckers.
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Unicorn Status
BlackBuck achieved unicorn status in 2021 with a valuation of $1.02 billion.
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