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Themis, Samvad get BlackBuck logistics another $27.4m from Sequoia in C1 round

Advised Sequoia on a Series C1 funding round of Zinka Logistics Solutions Private Limited, which operates business to business technology enabled logistics start-up, ‘BlackBuck’. Existing investors, Accel Partners and Sands Capital also participated in the round. This transaction was a bridge round of investment and closed on very short timelines. In addition to reviewing and negotiating the transaction documents and overseeing closing, we also advised the client regarding the regulatory aspects, particularly in respect of the business activity they are involved in, according to reports.

“Sequoia India leads fresh investment in logistics-tech startup BlackBuck: Zinka Logistics Solutions Pvt. Ltd, which operates business-to-business tech-enabled logistics startup BlackBuck, has raised Rs 202.96 crore,” reported VCCircle, from Sequoia Capital India as a new investor, infusing Rs 108.75 crore, alongside existing investors Accel Partners and Sands Capital.

Samvad Partners represented Blackbuck, having also worked with the company in its 2017 fundraise. The team was led by partner Neela Badami and associate Sharanya Kundu.

Themis Associates also advised on the deal.


Deal value: USD 27.4 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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