BlackBuck, India's leading online trucking platform, has closed a $67 million round of equity financing. The round was led by Tribe Capital, IFC Emerging Asia Fund and VEF. Existing investors Wellington Management, Sands Capital, and International Finance Corporation also participated in the round. The investment has made the Bengaluru-based company a 'unicorn,' or a startup valued at more than $1 billion, according to the firm. The company will use these funds to further penetrate the market and launch new service offerings for its customer base.
With P A Sangma insisting on contesting the Presidential poll, the ruling Biju Janata Dal in Odisha, which was the first to moot his name, on Saturday said there was no change in its decision to back him.
India has been ranked as the world's biggest outsourcing destination.
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