Stake sale · Mobility & Logistics

Goldman Sachs sells 2.74% stake in BlackBuck

By Startup Enthusiast · 2 September 2025

What they do

BlackBuck is a digital trucking platform connecting shippers with truck owners across India

Goldman Sachs sold a 2.74% stake worth ₹295 crore to Nomura India Investment Fund Mother Fund

The sale comes as BlackBuck reported Q1 FY26 revenue of ₹144 crore, up 56% year-on-year

Goldman Sachs sold 49.1 lakh shares (a 2.74% stake) in BlackBuck at an average price of ₹600.32 per share.
The total value of the sale was approximately ₹295 crore.
Nomura India Investment Fund Mother Fund bought 41.16 lakh shares (a 2.29% stake) at an average price of ₹599.77 per share, worth about ₹247 crore.
Earlier in September 2025, Sands Capital reduced its stake through three open market transactions, pocketing ₹191 crore.
Ithan Creek Master Investors (an offshore fund of Ellington Management) sold over ₹53 crore worth of stake.
BlackBuck's current share price is ₹642 (as of 11:03 AM on 2 September 2025).
The company's market capitalisation is ₹11,530 crore (about $1.3 billion).

Goldman Sachs was an early investor in BlackBuck and is now partially exiting its position.
Nomura's purchase signals continued institutional interest in the logistics technology sector.
The stake sale comes after BlackBuck reported strong financial results for the first quarter of FY26.

BlackBuck is a digital trucking marketplace that connects shippers with truck owners across India.
The company is headquartered in Bengaluru and describes itself as India's largest digital trucking platform.
For Q1 FY26, BlackBuck reported revenue of ₹144 crore, up 56% year-on-year from ₹92 crore in Q1 FY25.
It posted a profit of ₹34 crore in Q1 FY26, up 17.2% from the same quarter last year.

Goldman Sachs (seller) — Global investment bank that sold a 2.74% stake in BlackBuck.
Nomura India Investment Fund Mother Fund (buyer) — Investment fund managed by Nomura that bought a 2.29% stake in BlackBuck.
Sands Capital (seller) — Investment firm that reduced its stake in BlackBuck earlier in September 2025.
Ithan Creek Master Investors (Ellington Management) (seller) — Offshore fund that sold over ₹53 crore worth of BlackBuck shares.