BlackBuck drives into unicorn club with $67 million funding

Bengaluru: Online trucking platform BlackBuck has raised $67 million in a funding round led by Silicon Valley-based venture fund Tribe Capital, IFC Emerging Asia Fund and VEF. Existing investors Wellington Management, Sands Capital, and IFC—the World Bank’s investment arm—also participated in the round.

The Bengaluru-based startup has been valued at more than $1 billion post-money and has become the 16th Indian startup to enter the coveted unicorn club—privately held companies with a valuation of $1 billion or more—this year.