Flipkart returned to back a Sands Capital Management-led round that increased the amount raised by the logistics marketplace to $100m inside two years.
India-based logistics service provider BlackBuck has completed a $70m series C round that included e-commerce company Flipkart, TechCrunch reported yesterday.
Investment manager Sands Capital Management led the round, which also featured venture capital firm Accel and International Finance Corporation (IFC), the private investment arm of World Bank.
Founded in April 2015, BlackBuck runs an online marketplace that connects e-commerce companies with freight operators or truckers with spare capacity. It also supplies telematics technology to help customers track stock.
The company…
