Flipkart-Backed BlackBuck Prepares Up to $300 Million IPO

17 Jun 2024, 12:30 pm · 817d ago · 1 min read · Indianweb2.com

Amount

$300M

Stage

IPO

Flipkart-backed trucking network BlackBuck is preparing for an initial public offering (IPO) to raise up to $300 million in the upcoming fiscal year. The Bengaluru-based logistics platform has already converted itself into a public entity to enable fundraising from public market investors. BlackBuck has appointed merchant bankers and legal advisors to assist with the public issue and commenced drafting its Draft Red Herring Prospectus (DRHP). The proceeds will be deployed to expand its digital freight network, scale operations, and enhance customer services across India's supply chain ecosystem.