The shift to technology in the global logistics industry has gradually gained pace. This has happened partly because of the host of digital platforms that have come up in the industry today. These digital platforms have helped the industry to develop new offerings, new business models, digitize its core operations, and contributed to building a robust foundation for the logistics industry.
Blackbuck, one of India’s B2B tech-enabled logistics startup brings together truckers and shippers through its online marketplace to facilitate inter-city freight transportation. The company marks the beginning of a new organized path in trucking that makes things simpler for both shippers and truckers. The company operated by Zinka Logistics Solutions Pvt. Ltd. has managed to raised funding of Rs202 crore. The investment funding was led by Sequoia Capital. According to reports, the company has so far raised over $130 million in external funding.
The company was founded by Rajesh Yabaji, Ramasubramanian B, and Chanakya Hridaya in 2015. This Bengaluru based startup has a presence in over 1000 locations across India. Blackbuck, on its network, has over 8500 shippers and over 200,000 trucks. Companies like Coca-Cola, Unilever, Asian Paints, Reliance Industries, Amul, Godrej, Britannia, and Marico are just a few of its clients. The company has been awarded as the startup of the year 2018 by CNBC TV18.
The company has been a pioneer in bringing the offline trucking operations to online. Whether it is reshaping the infrastructure around trucking to facilitate insurance, payments, and financial services or matching a shipper with a trucker, Blackbuck provides it all. It is being said that the company is India’s largest trucking network. With just a click of a button, millions of truckers can book a load and move at capacity. It also enables shippers of all sizes to have access to the right truck.
Blackbuck’s digital platform allows shippers to locate the available trucks across India with no requirement to make multiple telephone calls and monitoring every mile. The company uses machine learning algorithms that help the users to connect with the most suitable fleet operators anytime depending on your destination, source, and materials to be shipped etc.
Similarly, for the fleet operators, this platform has made it easier for them to find and book daily loads of fleet and that too at transparent and fair pricing. The truck owners can simply attach their trucks with Blackbuck and be assured of higher truck utilization. Besides that, an efficient route planning helps in optimizing the time and reducing the fuel expenses.
Get in touch with the ‘future-ready’ team of Blackbuck to know more.