India-based business-to-business logistics provider BlackBuck has raised $25m in a series B round featuring e-commerce company Flipkart, Tech in Asia has reported.
Investment firm Tiger Global Management, venture capital firm Accel Partners and Apoletto Asia, an investment fund backed by founder of internet company Mail.ru Yuri Milner, also took part in the round.
Accel led a series A round sized at about $5m in July this year also backed by Flipkart.
Founded in January 2015, BlackBuck operates a logistics marketplace for businesses to book services from truck drivers. The company’s clients include consumer goods group Unilever and diversified conglomerate Godrej.
BlackBuck has not disclosed how it will use the cash, though Flipkart’s involvement may signal that the company could begin offering express shipment services.