Stake sale · Mobility & Logistics

Founders sell ₹243.5 crore stake in Blackbuck

By Startup Enthusiast · 18 November 2025

What they do

Blackbuck is a digital trucking platform offering freight services, SaaS and payments

Three founders sold 36 lakh shares worth ₹243.5 crore in a block deal on 18 Nov 2025

The sale is a secondary transaction (existing shareholders sell shares; no new money reaches the company)

On 18 Nov 2025, three founders of Blackbuck sold 36 lakh shares in a block deal.
The total sale value was ₹243.5 crore at ₹676.40 per share.
CEO Rajesh Yabaji sold 20 lakh shares, reducing his stake from 11.81% to 10.7%.
COO Chanakya Hridaya sold 8 lakh shares, reducing his stake from 7.89% to 7.45%.
Executive Director Ramasubramaniam B sold 8 lakh shares, reducing his stake from 7.42% to 6.98%.
Buyers included Citigroup, Goldman Sachs, Motilal Oswal, Morgan Stanley and others.
Discovery Global Opportunity (Mauritius) Ltd bought 13 lakh shares worth about ₹88 crore.
The shares sold represent about 2% of total shares.

Founder secondary sales are common among late-stage startups for portfolio diversification and IPO readiness.
Blackbuck's share price closed at ₹687.95 on the same day, up 0.61%.
The company reported strong Q2 FY26 results: revenue up 53% YoY to ₹151.1 crore and net profit of ₹29.19 crore.

Blackbuck is a trucking aggregator offering digital freight services, SaaS and digital payments for fleet operators.
It operates under the legal name Zinka Logistics Solutions.
The company describes itself as India's largest digital trucking platform.