BlackBuck, an Indian online logistics startup, has secured 1050 crore rupees ($151 million) in a Series D equity financing round.
Led by Goldman Sachs Investment Partners and Accel, the round also had participation from Sands Capital, International Finance Corp., Wellington, Sequoia Capital among others.
BlackBuck intends to use the new capital to penetrate deeper into the market, by onboarding new trucking partners along with the existing and also new transportation corridors.
Furthermore, the startup will also use the new funds from the round, which has taken its total funding raised to date to over $230 million, to infuse heavily in product and data sciences capabilities, to enable more efficient freight matching processes.