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BlackBuck in talks with B-Capital, Goldman Sachs to raise $150 mn

BlackBuck last raised $30 million from Sequoia, Sands Capital and Accel India in mid-2018

Rupee, Money, Mutual Funds
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Yuvraj Malik Bengaluru
Logistics start-up BlackBuck is close to sealing a new financing round of $150 million from new and existing investors to support a major push into financial services, truck servicing and other businesses.

This move will help its core freight marketplace business in the country, sources said.
 
B-Capital, the venture capital firm of Facebook co-founder Eduardo Saverin, Goldman Sachs and Accel Partners US, are said to be leading the series D round. 

Existing investors Sequoia Capital and International Finance Corp, a unit of the World Bank Group, are topping up their investments, with the latter infusing $10 million, sources said.

“Commitment for about $150

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First Published: Mar 28 2019 | 1:07 AM IST

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