PROJECT

Projects

Summary of Investment Information

Project Number

39420

Company Name

ZINKA LOGISTICS SOLUTIONS PRIVATE LIMITED

Date SPI Disclosed

Jan 18, 2017

Country

India

Region

South Asia

Projected Board Date

Feb 20, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 5, 2017

Department

TMT, Venture Capital & Funds

Industry

Infrastructure

Previous Events

Approved : Feb 24, 2017
Signed : Mar 28, 2017
Invested : Mar 29, 2017

Sector

Other (Including General Freight Trucking)

Project Description

Zinka Logistics Solutions Private Limited (“Blackbuck” or the “Company”), based in Bangalore, India, was established in 2015, and is a technology company focused on B2B logistics solutions for long-haul trucking.  Blackbuck’s nationwide technology platform brings together shippers and truckers through its online marketplace to book freight for inter-city transportation.  The Company is asset-light, and by matching truckers with shippers through its online platform, it is able to minimize downtime for trucks and maximize utility of the asset for the truck owner/operator.  The Company is focused on leveraging technology as it scales rapidly and continues helping companies transport freight nationwide. The proposed investment (“Project”) consists of up to US$10 million in equity for a minority stake to support the expansion of the Company’s service offerings and further technology development.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation