In brief: BlackBuck gets up to $150m funding from Accel, Goldman Sachs

• Bangalore-based B2B logistics startup BlackBuck is raising US$43.5 million in a fresh funding from new investors including Goldman Sachs, according to TechCircle. The Times of India reports that US-based Accel Partners is leading the round, which could reach up to US$150 million in total.
• B Capital, the VC firm of Facebook co-founder Eduardo Saverin, is also coming on board as a new investor in this round, the firm’s filings with India’s Registrar of Companies show.
• The current round could see BlackBuck’s valuation soar nearly six-fold to as much as US$879 million, according to estimates.
• In its last known funding round in December, BlackBuck raised US$12.4 million from existing investors Sands Capital and the World Bank’s International Finance Corporation. In October 2018, it raised US$27.4 million in a round led by Sequoia Capital India.

Source: TechCircle