As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
…
Tag: BlackBuck
Logistics tech start-up Loadshare gets funds from Matrix
Technology-enabled logistics start-up Loadshare has raised an undisclosed amount in its first round of funding from venture capital fund Matrix Partners India. Started in January of 2017, Loadshare has built a network focusing on small and medium players by helping them with technology and operat…
Logistics firm BlackBuck raises $70mn from Sands, Accel, others
Bengaluru: Truck aggregator BlackBuck has raised $70 million (Rs 476 crore) from Sands Capital and other existing investors. The company, founded two years ago, has so far raised $100 million and has more than a lakh trucks on the platform. The Bengaluru-based company, founded by logistics profes…
Venture capital funding of logistics start-ups dips 68%
Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better. Venture capital funding into logistics start-ups has drastically declined by 68% to $124.61 million in 2016 compared to the pre…
Currency Ban Impact | Trucking business down by 50%, start-up, $300 bn business suffers
The $300 billion logistics and trucking business is hit by the nation-wide cash crunch as the Narendra Modi’s demonetization drive – forcing transportation companies to get closer to truck aggregating and owning startups. According to estimates, the trucking business (largely dependent on cash) i…
Bengaluru-based startup Blackbuck looks to disrupt B2B logistics market
With disruptive technology, BlackBuck is trying to redefine the business-to-business logistics landscape in India. This Bengaluru-based startup has created an online marketplace for inter-city freight services and has already made a mark. The startup, which is little over a year now, has attracte…
Rivigo gearing up to spend $100 million in new fiscal to beat rivals
Surface transport logistics services provider Rivigo, is gearing up to spend between $80 million-$100 million in the new fiscal, as the SAIF Partners-backed venture looks to outdistance its peers, by expanding at a rapid pace. Founded by IIT Kanpur and IIM Lucknow alum Deepak Garg and Stanford G…
Truckers in for a royal treat from logistics startups like Lobb, Trukky and BlackBuck
Inter-city logistic startups like Lobb, Trukky and BlackBuck are providing fringe benefits to truckers for inclusive growth of the trucking ecosystem. Discounted foods, parking & bed facility at dhabas, fuel & service station facilities, truck financing support and other benefits are attr…
Logistics aggregator GoodsOnMove in talks to rise seed funding
GoodsOnMove, an on-demand logistics aggregator for relocation and trucking services, is in advanced talks with potential investors to raise seed funding, the company’s founder told VCCircle. The company, run by Delhi-based Goods on Move Technologies Pvt Ltd, plans to use the funds to be raised fo…