BlackBuck, an online marketplace for trucking, has raised $150 million (about Rs 1,050 crore) in a funding round led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. The 4-year old startup has so far raised $230 million in equity and $100 million in debt and is just short of hitting unicorn status.
BlackBuck competes with the likes of Rivigo. The company claims to have 90 percent of the online trucking market share. BlackBuck's clients include Hindustan Unilever (HUL), Reliance Industries, Coca-Cola, Marico, Asian Paints, Tata Group as well as 9,000 SMEs.
CNBCTV18’s Syna Dehnugara talks to co-founder and CEO, Rajesh Yabaji about taking on large incumbents and other deeply funded startups, the path to profitability and the opportunity for employees to liquidate their ESOPs (employee stock ownership plan) in this funding round.Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary