Stake sale · Mobility & Logistics

Accel sells 1.48% stake in BlackBuck for ₹155.5 crore

By Startup Enthusiast · 12 September 2026

What they do

BlackBuck is an online B2B marketplace for inter-city truckload transportation, telematics, and vehicle financing

Accel India IV sold 27 lakh shares at ₹576.05 each to Abakkus Investment Managers in a block deal

The sale came after BlackBuck reported strong Q1 FY27 results with net profit up 25% YoY

Accel India IV sold 27 lakh shares of BlackBuck in the open market on 11 September 2026.
The sale consideration was ₹155.5 crore at ₹576.05 per share, an 8.4% discount to the previous close.
The buyer was Abakkus Investment Managers, led by Sunil Singhania.
Accel India IV sold a 1.48% stake in the company.
Before the sale, Accel held 7.17% (1,30,68,097 shares) as of June 2026; after the sale, it holds 5.69% (1,03,68,097 shares).
The transaction was filed under SEBI SAST Regulations Regulation 29(2).
BlackBuck's share price closed at ₹628.15 on 11 September, up 7.21%, and at ₹629.05 on BSE on 12 September, up 7.46%.
The stock gained ~18% in three months but was down 7.6% year-to-date as of September 2026.

An early investor chose to cash in some of its holdings after the company posted strong quarterly numbers.
BlackBuck reported Q1 FY27 net profit of ₹42.2 crore, up 25% YoY, and revenue of ₹204.2 crore, up 42% YoY.
The company served 8.83 lakh customers in Q1, with 4.6 lakh monthly transacting customers using 2+ services, up 20% YoY.

BlackBuck connects businesses with truck operators for moving goods across cities.
It also sells telematics (vehicle tracking and monitoring technology) and offers vehicle financing.
The company is operated by Zinka Logistics Solutions Limited.
It is described as India's largest digital trucking platform.
BlackBuck is backed by Accel India, Flipkart subsidiary Quickroutes, and Peak XV Partners.

Accel India IV (seller) — Early venture capital backer of BlackBuck.
Abakkus Investment Managers (buyer) — Investment firm led by Sunil Singhania.