India: Logistics startup BlackBuck eyes unicorn tag; looks to raise up to $250m

India: Logistics startup BlackBuck eyes unicorn tag; looks to raise up to $250m

Logistics in a warehouse.

Logistics startup BlackBuck is in funding talks to raise $150-250 million, as it seeks to capture the massive trucking market and take on bigger rival Rivigo, according to two people familiar with the development. The Bengaluru-based company is seeking a $1 billion valuation in this funding round, though it is unclear if investors would meet this price, said one of the people cited above.

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