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BlackBuck, a logistics unicorn backed by Flipkart, has recently announced its plans to go public with an IPO aiming to raise up to $300 million. This move comes as the company seeks to expand its services and grow its core freight business.
Founded in 2015, BlackBuck has turned heads as it managed to achieve unicorn status in 2021, with its innovative approach to streamlining the logistics industry. Now, in 2024, the company is looking to take the next step in its growth by going public.
As BlackBuck prepares for its IPO, the company has appointed merchant bankers and lawyers to advise on the process. It is expected that the IPO will consist of a mix of fresh issues of shares and a secondary sale of shares by existing investors.
With a focus on scaling up its services and growing its core freight business, BlackBuck is poised to make a splash in the logistics market. The proceeds from the IPO will be used to fund this growth, as well as to ramp up its operations and expand its geographical coverage.
BlackBuck’s IPO plans are generating buzz in the industry, as the company looks to make its mark on the logistics landscape. With its innovative approach to the logistics sector, BlackBuck is certainly a company to watch in the coming years.
