India-based online freight-booking platform Zinka Logisitics has secured $6m in a series A funding from e-commerce company Flipkart, the Economic Times has reported.
Venture capital firm Accel Partners led the round for Zinka, which was previously known as Blackbuck. The funding has not been officially confirmed, with Economic Times citing unnamed venture capitalists, who reportedly also considered participating in the round.
Founded in January 2015, Zinka is developing an online marketplace where consumers, small and medium-sized enterprises and larger businesses can book freight transportation services between cities.
Flipkart invested as part of a wider strategy that will involve it offering hyperlocal deliveries in future. Flipkart plans to invest between $80m and $100m in order to support its own supply chain company eKart, and hopes to outsource around 70% of its deliveries by November 2015.