Private Equity

Liquidity Events

Flipkart exits Blackbuck with Rs.672-Cr

Economic Times  

Flipkart subsidiary Quickroutes International has sold its entire 9% stake in Zinka Logistics, the parent company of Blackbuck, for INR 672 crore via a block deal on the NSE. Quickroutes offloaded more than 1.59 crore shares in two tranches, priced between INR 420.06 and INR 420.25 apiece.

In Jun-15, Flipkart Logistics had invested INR 11.55 Cr in BlackBuck as part of a INR 38 Cr Series A round alongside Accel India and others.