India: Logistics startup BlackBuck bags $12.4m from Sands Capital, IFC

A man offering his services as a road guide stands outside of a logistics park in Chengdu, China, on Tuesday, April 11, 2017. Photographer: Qilai Shen/Bloomberg

Logistics startup BlackBuck has raised $12.43 million (Rs 87.02 crore) in a funding round led by existing investor Sands Capital, and International Finance Corporation (IFC), a part of the World Bank Group, VCCircle reported.

Quoting the company’s filings with the Registrar of Companies, the report said that Sands Capital has invested Rs 50.78 crore ($7.25 million) in the current round while IFC has pumped in the rest. The new round has valued the company at $202-207 million, it added.

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