Barath Shankar Subramanian’s Post

Flipkart-backed logistics unicorn BlackBuck (Zinka Logistics Solutions Pvt. Ltd.), which is planning to go public in FY25 and seeks to raise as much as $300 Mn, has converted itself into a public company👇 The board at BlackBuck has approved a resolution to change the company’s status from private to public. Consequently, the company’s name has been changed from Zinka Logistics Solutions Private Limited to Zinka Logistics Solutions Limited. The conversion of the company from a private company limited by shares to a public company limited by shares would enable the company to raise funds from a large pool of investors to meet the growth requirements and vision of the company, as per an RoC filing. Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya and Rama Subramaniam, BlackBuck claims to be the largest online trucking platform in India, with over 90% market share of all online trucking activities. 🔗 To read more in detail, click here: https://lnkd.in/gSfzZetK #logistics #unicorn #IPO #news

BlackBuck (Zinka Logistics Solutions Pvt. Ltd.), a prominent online trucking platform, has officially transitioned from a private entity to a public company, marking a significant step towards its anticipated initial public offering (IPO). The board of directors at Blackbuck approved the resolution to change the company’s status, resulting in a name change from Zinka Logistics Solutions Private Limited to Zinka Logistics Solutions Limited. This transition is intended to facilitate the company’s ability to raise funds from a broader investor base, supporting its growth objectives and strategic vision, as outlined in recent filings. Founded nine years ago, Blackbuck specializes in B2B logistics solutions for long-haul trucking, serving a diverse clientele that includes large corporations as well as medium and small enterprises (MSMEs). To date, Blackbuck has secured over $350 million in funding, including a $67 million Series E round led by Tribe Capital, IFC Emerging Asia Fund, and VEF. This round saw the Flipkart-backed firm achieve unicorn status. According to data from TheKredible, Accel is Blackbuck’s largest external stakeholder with an 18.58% stake, followed by Quickroutes International and Sans Capital Growth. The company's co-founders, Rajesh Yabaji, Chanakya Hridaya, and Ramasubramaniam Balasubramaniam, collectively hold 26.82% of the company. In FY23, Blackbuck’s revenue from operations decreased by 15.5% to Rs 704 crore from Rs 833 crore in FY22. Despite the revenue drop, the company managed to control expenses, limiting its losses to Rs 290 crore in FY23 from Rs 285 crore the previous year. Reports indicate that Blackbuck plans to go public in the second half of FY25, with a goal of raising up to $300 million. It will join the ranks of tech IPOs that have experienced revenue declines over three consecutive years (FY21 to FY23). The company has yet to file its annual report for FY24. In 2024, several new-age internet companies, including TBO Tech, Digit Insurance, and Awfis, have gone public, with Ixigo set to list on June 18. Additionally, Ola Electric, MobiKwik, and FirstCry are preparing for their market debuts this year. #BlackBuck #Logistics #Unicorn #IPO #PublicCompany #B2B #TechUnicorn #Growth #Investment #TechIPO #Trucking #MarketDebut #NewAgeCompanies #Accel #Flipkart #LogisticsSolutions #AllBoutCorps

To enhance its ocean freight services, Delhivery, a massive player in logistics, allegedly struck a strategic partnership with Teamglobal Logistics Pvt. Ltd. Logistics. Providing a more comprehensive solution, the alliance aims to streamline logistics operations for companies engaged in international trade, according to media sources. The collaboration has a strong emphasis on logistics, both inbound and outbound, with a focus on shipments that are less than container load (LCL). Delhivery’s LCL services are expected to be extended to over 120 countries. The alliance aims to resolve the long-standing problem of Indian companies arranging for freight transportation to and from foreign locations by collaborating with several service providers. Nityam Khosla, Vivek Kele, Rajesh Bhanushali, Shyam Sharda Read more - https://lnkd.in/gGzsvdZe To share your startup story write us on - contact@startuprise.org #Delhivery #Teamglobal #patnership #news #startup

#Turnaround #Riskytrade #DelhiveryLTD Delhivery is one of the largest and fastest-growing fully integrated logistics company in India. #positives For the first time, they achieved second consecutive quarter of PAT profitability overall as a business and 4th straight quarter of positive EBITDA margin. So, there topline was good and now bottomline is picking up. Asset light model of business and lesser debt. Rs. 5,488 crores of cash and cash equivalents on the balance sheet Headwind : ongoing economic slowdown #Price Action On charts, the volume was less than 20 day MA, when the market started to fall from the last week of September. Two of the last three candles have brought the highest volume since the fall. The stock had consolidated in a narrow range and now trying to move up. DISCLAIMER: Investment in the Stock Market is subject to market risks. The information provided is for general informational purposes only and should not be construed as investment advice

𝗕𝗹𝗮𝗰𝗸𝗕𝘂𝗰𝗸 𝗖𝗼-𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗥𝗮𝗷𝗲𝘀𝗵 𝗬𝗮𝗯𝗮𝗷𝗶 𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝗦𝗵𝗮𝗿𝗲𝘀 𝗪𝗼𝗿𝘁𝗵 ₹𝟭𝟲𝟬 𝗖𝗿𝗼𝗿𝗲 𝗮𝘀 𝗚𝗶𝗳𝘁 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗜𝗣𝗢 In a recent development for India’s logistics technology platform, BlackBuck (Zinka Logistics Solutions Ltd), co-founder Rajesh Yabaji has received 5.85 million shares as a gift from co-founders and key investors ahead of the company’s much-anticipated IPO. This transfer represents a 3.6% stake in the company, valued at approximately ₹160 crore. The shares, gifted in October, signal investor confidence and a vote of trust in Yabaji's leadership as BlackBuck prepares to enter the public market. BlackBuck, backed by high-profile investors like Flipkart, specializes in digital logistics solutions, including services like 𝘃𝗲𝗵𝗶𝗰𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗳𝘂𝗲𝗹 𝗰𝗮𝗿𝗱𝘀, 𝗙𝗔𝗦𝗧𝗮𝗴 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀, and a marketplace that connects truck operators with businesses. As the logistics sector in India continues to grow, BlackBuck’s digital-first approach has positioned it as a leader in this industry. The platform leverages technology to streamline logistics operations and offers valuable services to both truck operators and companies seeking efficient transportation solutions. The investors transferring shares to Yabaji include Sands Capital, the IFC - International Finance Corporation, and angel investor Sanjiv Rangrass, along with BlackBuck’s co-founders and promoters, 𝗥𝗮𝗺𝗮𝘀𝘂𝗯𝗿𝗮𝗺𝗮𝗻𝗶𝗮𝗺 𝗕𝗮𝗹𝗮𝘀𝘂𝗯𝗿𝗮𝗺𝗮𝗻𝗶𝗮𝗺 and Chanakya Hridaya. Most of the shares were transferred by the co-founders, underscoring their endorsement of Yabaji's role as BlackBuck heads toward an IPO. The IPO will be managed by top financial firms, including Axis Capital, Morgan Stanley India, JM Financial, and IIFL Securities, with Kfin Technologies acting as the registrar. #blackbuck #ipo #iponews #stockmarketupdate #stockmarketindia

BlackBuck (Zinka Logistics Solutions Pvt. Ltd.) IPO Alert! The Bengaluru-based logistics unicorn BlackBuck, founded by Rajesh Yabaji , Chanakya Hridaya , and Ramasubramaniam Balasubramaniam, and backed by giants like Flipkart and Peak XV, is all set to make waves on Dalal Street! With a price band of INR 259 - INR 273 per share, this highly anticipated IPO will open for public subscription on November 13 and close on November 18. Key Highlights: Fundraising Goal: INR 1,114.72 Cr IPO Structure: Fresh issue of INR 550 Cr + offer for sale of 2.06 Cr shares Deployment Plans: INR 140 Cr for BlackBuck Finserv (NBFC subsidiary) and INR 200 Cr for sales & marketing efforts Founded in 2015, BlackBuck has grown into India’s largest online trucking platform, capturing an impressive 27% market share in the B2B logistics sector. In Q1 FY25, they posted a net profit of INR 28.67 Cr on revenue of INR 92.16 Cr, showcasing strong growth and profitability. Will this IPO drive BlackBuck further into India’s logistics landscape? #BlackBuckIPO #TechIPO #StartupIndia #Logistics #Investments #IndianEconomy #DalalStreet

Delhivery has shown impressive growth in Q2 FY25 with a 12.8% increase in revenue from operations, reaching Rs 2,189 crore compared to Rs 1,941.7 crore in Q2 FY24. The company's core business within India continues to drive the growth, contributing Rs 2,188.7 crore. Its cross-border operations, led by Team Global Logistics, saw a remarkable 3.2X growth, bringing in Rs 8.4 crore. The company has also seen a turnaround in its bottom line, reporting a Profit After Tax (PAT) of Rs 10.2 crore, a significant recovery from the loss of Rs 102.9 crore in the same period last year. With total revenue hitting Rs 2,309 crore, Delhivery has maintained solid expense control, despite freight handling costs making up a substantial portion (71.4%) of total expenses. Its ability to manage costs while driving growth is a positive sign for its future prospects. While the logistics sector faces increasing competition with players like Blackbuck, Ecom Express, and Shadowfax planning IPOs, Delhivery’s performance signals a strong competitive edge in an evolving market. As the IPO landscape heats up, Delhivery's solid financials and turnaround story will be one to watch closely. Tushar Kansal #Logistics #GrowthStory #Delhivery #Q2FY25 #Turnaround #IPO #BusinessStrategy

📦Delhivery Expands ESOP Pool with Additional Stock Options. Delhivery, the listed logistics major, has announced the allotment of 75,000 stock options under its Employee Stock Option Plan (ESOP) 2012, signaling its commitment to incentivizing and retaining talent. 📊 ESOP Details: - Grant Approval: The nomination and remuneration committee have approved the grant of 75,000 stock options under the ESOP 2012 scheme, effective from May 17, 2024. - Vesting Period: The stock options will vest over three years from the date of grant, with 20% vesting after 12 months, 30% after 24 months, and the remaining 50% after 36 months. - Exercise Price: Delhivery has set the exercise price for the stock options at INR 1 per share under its ESOP 2012 scheme. 🏢 Financial Performance and Strategic Initiatives: - Financial Results: Delhivery reported a consolidated net loss of INR 69 Cr in Q4 FY24, compared to a net profit of INR 11.7 Cr in the previous quarter. Operating revenue also declined by 5% sequentially to INR 2,076 Cr in Q4 FY24. - New Subsidiary: The company announced the establishment of a new wholly-owned subsidiary, Delhivery Robotics India, focusing on drone manufacturing and freight air transportation services, including Drone as a Service (DaaS) for shipment movement and remote sensing. - Leadership Change: Sandeep Kumar Barasia, the chief business officer and executive director, tendered his resignation due to personal reasons. 📈 Stock Performance: - Market Response: Delhivery's stock closed 0.78% higher at INR 453.85 on the BSE on the day of the announcement. Delhivery's move to expand its ESOP pool reflects its dedication to incentivizing employees and fostering long-term growth amid evolving market dynamics. #Delhivery #ESOP #LogisticsExpansion #StartUpNews #BusinessNews #MicroShots #NewsUpdates

🚚 BlackBuck Hits IPO! 🚚 BlackBuck, India’s largest trucking platform, hits a major milestone today with its IPO launch! Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Ramasubramaniam B, BlackBuck has evolved into a unicorn, transforming India’s logistics industry with its tech-driven approach. In Q1 FY25, BlackBuck reported a net profit of INR 28.67 crore, a remarkable turnaround from a net loss of INR 35.93 crore in FY24. Revenue grew by 55%, reaching INR 92.16 crore, up from INR 59.46 crore the previous year. With 700K truckers and 1.2 million trucks on its platform, BlackBuck processes over 15 million monthly transactions. It helps fleet owners reduce idle time by 45%, boosting earnings by 20-30%, while providing services like price discovery, payments, and insurance. BlackBuck is shaping the future of logistics in India, and this IPO marks the next step in its exciting growth journey! #BlackBuck #TruckingTech #LogisticsInnovation #SupplyChain #IndianStartups #Unicorn #IPO #TechInLogistics #Freight #TruckingSolutions #StartupGrowth #LogisticsTech #SmartLogistics #Transportation #GrowthStory #IndiaStartups #DigitalTransformation #LogisticsPlatform #TruckingRevolution #SupplyChainTech

In my recent dive into the logistics sector, I stumbled upon something truly remarkable: Mahindra Logistics' steady strides in breaking barriers and setting a prime example for budding logistics ventures, such as agrigator. Their approach towards business development and unwavering commitment to profitability is nothing short of inspiring for startups. I've penned down my thoughts and analysis in a new blog post, where I delve into the intricacies of investing in this dynamic industry and share perspectives on the evolving landscape of logistics. Join me on this journey of discovery! #Logistics #MahindraLogistics #Agrigator #StartupInspiration #InvestmentInsights #BusinessAnalysis #BlogPost #100xvc