BlackBuck, backed by Flipkart and Accel, files for a Rs 550 crore IPO with an offer for sale of over 21 million shares.

Truck aggregator BlackBuck, backed by Flipkart and Accel, has filed for an IPO to raise Rs 550 crore, with plans for an offer for sale of over 21 million shares by current shareholders. BlackBuck's digital services manage payments for tolling and fuelling, and offer financing for used vehicle purchases. This move signals a significant shift for the Indian logistics and transportation sector.

July 07, 2024
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