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Shutdown · Mobility & Logistics

BlackBuck moving office out of Bengaluru's ORR

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BlackBuck logo
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%.

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