Shutdown · Mobility & Logistics
BlackBuck moving office out of Bengaluru's ORR
By Startup Enthusiast ·
- Date
- Company
- BlackBuck
- What it does
- Digital trucking platform
- Kind
- Shutdown
- Based in
- Bengaluru
- Sector
- Mobility & Logistics
What they do
BlackBuck is a digital platform for truck operators offering tolling, fuelling, telematics, and financing
What happened
Co-founder and CEO Rajesh Yabaji announced on 16 Sep 2025 that the company is moving out of Bengaluru's Outer Ring Road after 9 years
Why it matters
The move highlights worsening traffic and infrastructure on ORR, where average employee commute exceeds 1.5 hours one way
The details
- BlackBuck is moving its office out of Bengaluru's Outer Ring Road (ORR) after 9 years.
- Co-founder and CEO Rajesh Yabaji announced the decision on X on 16 September 2025.
- The average employee commute is over 1.5 hours one way.
- Yabaji cited potholes and dust on the roads, with no improvement expected in the next 5 years.
- The ORR tech corridor employs 9.5 lakh people across 500 companies.
- Weekday vehicle entries at major tech parks on ORR rose 45% in June 2025 vs June 2024.
The bigger picture
- Infosys CFO Mohandas Pai called the decision a 'big failure of governance in Bengaluru'.
- Biocon founder Kiran Mazumdar-Shaw responded: 'This is serious. Emergency measures needed'.
- Krishna Kumar Gowda (GBITCIA) said company exits should be a wake-up call for government intervention.
- Deputy CM DK Shivakumar announced ₹1,100 crore for road repair and construction across Bengaluru on 14 Sep 2025.
About the business
- BlackBuck is a digital platform for truck operators offering tolling, fuelling, telematics, load and vehicle marketplace, and financing.
- Parent company is Zinka Logistics Solutions Ltd.
- Q1 FY26 net revenue: ₹131.85 crore, up 43% YoY.
- Q1 FY26 adjusted EBITDA: ₹47.21 crore, up 290% YoY.
- Q1 FY26 EBITDA margin: 35.8%, up from 13.1%.
Other articles talking about it
More on BlackBuck
- Accel sells 1.48% stake in BlackBuck for ₹155.5 crore12 September 2026 · Stake sale · ₹155.5 crore
- BlackBuck Q1 profit up 24% to ₹42 Cr29 July 2026 · Results · ₹42.17 Cr
- BlackBuck posts Q4 profit of ₹65.7 crore19 May 2026 · Results
- BlackBuck posts first quarterly profit with revenue growth5 February 2026 · Results
- Founders sell ₹243.5 crore stake in Blackbuck18 November 2025 · Stake sale · ₹243.5 Cr
- Blackbuck posts Rs 29 crore profit in Q2 FY265 November 2025 · Results
- Goldman Sachs sells 2.74% stake in BlackBuck2 September 2025 · Stake sale · ₹295 crore
- Sands Capital and Wellington Management sell BlackBuck stake8 August 2025 · Stake sale · Rs 191 crore