Liquidity Events
Accel sells shares worth Rs.156-Cr in logistics co. BlackBuck
Accel India has sold about 27 lakh shares of logistics company BlackBuck through an open-market transaction, totalling INR 155.5 Cr. The transaction was executed at INR 576.05 per share, representing a 1.5% stake in the firm. Accel had held a 7.17% stake in the company through its affiliate, Accel India IV (Mauritius), as of the end of June 2026.Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and R Balasubramaniam, BlackBuck operates an online B2B (business-to-business) marketplace for inter-city full truckload transportation. The company also provides vehicle financing services and telematics solutions to truck operators. In the first quarter of fiscal year 2026-27, BlackBuck reported a net profit of INR 42.2 Cr, marking a 25% increase compared to the previous year, while revenue from operations grew by 42% year-on-year to INR 204.2 Cr.
Accel India first invested in BlackBuck in Jun 2015. The company went public in Nov 2024, as part of which, Accel India had made a partial exit. It subsequently sold shares in Jun 2025.For FY26, BlackBuck had reported about INR 641 Cr in Operating Income and about INR 164 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
