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Mar 27, 2017

"BLACKBUCK" * India: Digitizing logistics and freighting in

* Bangalore - BlackBuck closes $70M to digitize freight and logistics across India


--- BlackBuck, a startup that is digitizing logistics and cross-country freighting in India, has closed out a $70 million Series C round... Bangalore-based BlackBuck, which was founded in April 2015, takes two routes to digitizing the logistics space. It operates a marketplace that connects organizations needing to move goods across India with truckers seeking work, or to maximize their loads with additional capacity... Right now, BlackBuck claims to work with more than 100,000 trucks across 300 locations, while its client roster includes some big names like Asian Paints, Unilever, Coke and Britannia... Citing research from Novonous, BlackBuck estimates that road-based options account for 63 percent of all freight in India, with a current spend of around $140 billion per year. Yet, still the process remains disjointed as “nothing much has changed” in decades, Yabaji said...
 (Photo: Trucks with freight for Bangalore)  --  Bangalore, Karnakata, India - TechCrunch, by Jon Russell - Mar 21, 2017

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