BlackBuck

Ascent Fund II is B Capital's first dedicated early-stage fund. It invests in pre-seed through series A rounds globally, with an emphasis on the US and Asia, including India

The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023

BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base

The firm's total expenses for the fiscal rose 5 per cent to Rs 1,622 crore

Manufacturers, traders and other shippers can use the Blackbuck platform and gain access to a million trucks

The interface for drivers includes an audio option and notifications about every incentive they can get

A fleet owner can also monitor, assess and compare the performance of all his drivers and take action accordingly

The recent company filings, sourced from Paper.vc, a business intelligence platform, show a Rs 250-crore investment from Accel Partners US and B-Capital

BlackBuck last raised $30 million from Sequoia, Sands Capital and Accel India in mid-2018

This comes over 5 months after Sonali Bendre, Neelam Kothari, Tabu and Saif Ali Khan were acquitted in the said case, while Salman Khan was convicted and sentenced to five years' imprisonment

Blackbuck eyes partnerships and acquisitions

BlackBuck uses the Uber model for the trucking industry, bringing together fleet owners and customers in real time