BlackBuck IPO

Founded in April 2015, Zinka Logistics Solution Limited offers a digital platform, the BlackBuck app, for truck operators. In the fiscal year 2024, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators. Zinka Logistics Solution's BlackBuck app is a platform that offers payments, telematics, a freight marketplace, and vehicle financing services to help truck operators achieve their goals efficiently. As of March 31, 2024, the company had processed a Gross Transaction Value (GTV) of Rs. 173,961.93 million in payments. As of March 31, 2024, the company had a monthly average of 356,050 active telematics devices and has facilitated 4,035 loans with a total value of Rs. 1,967.88 million. As of March 31, 2024, the company offered vehicle financing to customers in 48 districts across seven states in India. Competitive strength India’s largest platform for digital truck operators. A wide network of truck operators built over the nine years of its existence. New offerings to address market gaps and fulfil customer needs. A strong multi-channel sales network and an effective sales and service strategy promote customer acceptance. High-growth business with operational leverage and high profitability. Experienced management team. As of March 31, 2024, the company had 4,289 employees

The company propose to utilise the Net Proceeds towards funding the following objects: Funding towards sales and marketing costs; Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements; Funding of expenditure about product development; and General corporate purposes.

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