BlackBuck Logistics Stake Reduction Announcement

BlackBuck has experienced a significant change as its chairman and CEO Rajesh Kumar Naidu Yabaji has decreased part of his stake in the logistics marketplace, concluding a bulk deal worth Rs 135 crore on Tuesday. Yabaji, who is one of the promoters of the company, sold 20 lakh shares at a price of Rs 676.4 per share. This sale represents a 9.37% reduction in his overall holding.

Prior to this transaction, Yabaji owned 2.13 crore shares, accounting for 11.81% of BlackBuck’s overall equity of 18.07 crore shares. As a result of the sale, his stake has now decreased to 1.93 crore shares, equating to 10.7%.

Market Participation and Buyers

Among the various buyers involved in this transaction, Discovery Global Opportunity Mauritius Limited stood out as the largest participant, acquiring 13 lakh shares at the same price, amounting to a total of Rs 88 crore.

Company Background

Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Subbu Allamaraju, BlackBuck operates a trucking marketplace that facilitates connections between shippers and truck owners throughout India. The Bengaluru-based startup reached unicorn status in 2021 after securing $67 million in funding from notable investors such as Tribe Capital, IFC Emerging Asia Fund, and VEF, with Sands Capital also participating in earlier funding rounds.

Financial Performance

In the second quarter of the current fiscal year (Q2 FY26), BlackBuck announced a 5% year-on-year revenue rise to Rs 151 crore, up from Rs 99 crore in Q1 FY26. The firm also reported a profit of Rs 29 crore during this period.

Investor Activity

Recently, BlackBuck’s investors have varied their stakes as well. Entities including Wellington Management, Sands Capital, and Goldman Sachs have executed transactions worth Rs 54 crore, Rs 191 crore, and Rs 295 crore, respectively, thus contributing to the shifting landscape of investor interest.

As of 10:30 AM, the company’s shares are trading at Rs 686.3, leading to a total market capitalisation of Rs 12,420 crore ($1.4 billion).