BlackBuck Logistics Marketplace Sees Major Trade Activity

BlackBuck logistics marketplace has experienced notable trading activity recently, particularly as Goldman Sachs decided to sell off part of its shares in the company. Stock exchange reports indicate that Goldman Sachs divested approximately 49.1 lakh shares, which accounts for a 2.74% stake, amassing around Rs 295 crore. The divestment occurred at an average share price of Rs 600.32.

Investment Shifts in BlackBuck

In a contrasting move, the Nomura India Investment Fund Mother Fund acquired about 41.16 lakh shares, representing a 2.29% stake in BlackBuck. This purchase cost nearly Rs 247 crore, with an average price per share of Rs 599.77. Additionally, Sands Capital, a US-based investment firm, also made headlines this month by reducing its ownership in BlackBuck through three open market transactions, gaining Rs 191 crore from its actions.

Previous Stake Changes

Prior to these transactions, Ellington Management’s offshore investment fund, known as Ithan Creek Master Investors, divested over Rs 53 crore of its stake in the B2B logistics enterprise. This series of trades highlights the dynamic nature of investment in the logistics sector.

About BlackBuck Logistics

Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Subbu Allamaraju, BlackBuck operates a trucking marketplace that connects shippers and truck owners across India. The Bengaluru-based startup entered the unicorn bracket in 2021 after successfully securing $67 million from various investors, including Tribe Capital, IFC Emerging Asia Fund, and VEF, with Sands Capital participating in previous funding rounds.

Financial Performance Overview

During the first quarter of the current fiscal year (Q1 FY26), BlackBuck reported an impressive 56% year-on-year rise in revenue, reaching Rs 144 crore, a notable increase from Rs 92 crore in the same quarter last year. The company also saw a 17.2% growth in profits, now totalling Rs 34 crore.

Current Market Standing

As of the latest update at 11:03 AM, BlackBuck’s shares are trading at Rs 642, giving the company a total market capitalisation of Rs 11,530 crore (approximately $1.3 billion).