Blackbuck, an online B2B logistics solutions marketplace has announced to raise Rs 56 crore in a mixed round of equity and debt fund from Trifecta Venture.
Based on the latest RoC filings of the company with the Ministry of Corporate Affairs (MCA), the Blackbuck board has approved allotment of 322 Series D CCPS equity shares and 500 series A non-convertible debentures by private placement to Trifecta. The company has raised Rs 50 crore in debt at a price of Rs 10 lakh per share while Rs 6.23 crore has been granted at a price of Rs 1,43,489.51 per share. But, the company is yet to receive the Rs 6.23 crore.
Till now, Blackbuck has raised a total of $285.2 million in funding. The company will invest the fresh capital in bolstering product and data sciences capabilities.
The company has not yet filed its annual financial report for FY19. In the last fiscal, the B2B logistics firm had witnessed close to a 59% rise in revenue to Rs 901 crore from Rs 567 crore.
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