Zinka Logistics Solutions Pvt. Ltd, which operates business-to-business tech-enabled logistics startup BlackBuck. It is raising Rs 303.31 crore ($43.53 million at current exchange rates) in a fresh funding round led by new investor Goldman Sachs.
B Capital, the venture capital firm of Facebook co-founder Eduardo Saverin. He is also coming on board as a new investor in this round. The firm’s filings with the Registrar of Companies show. While Goldman Sachs will contribute Rs 214.10 crore ($30.73 million), B Capital will account for the rest, the filings stated.
In its last known funding round in December last year, it had raised Rs 87.02 crore ($12.43 million then) from existing investors Sands Capital and the International Finance Corporation, the World Bank’s investment arm. It was valued at $202-207 million (Rs 1,413.47-1,448.46 crore) in that round, as per report estimates.