BlackBuck’s chairman and CEO, Rajesh Kumar Naidu Yabaji, has sold a portion of his stake through a bulk deal worth Rs 135 crore on Tuesday. Yabaji offloaded 20 lakh shares at Rs 676.4 apiece, amounting to 9.37 per cent of his holding, according to media reports.
Prior to the transaction, he held 2.13 crore shares, representing 11.81 per cent of the company’s equity base of 18.07 crore shares. Following the sale, his shareholding stands at 1.93 crore shares, or 10.7 per cent.
Discovery Global Opportunity Mauritius Limited emerged as the largest buyer in the transaction, acquiring 13 lakh shares for Rs 88 crore at the same price.
Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya and Subbu Allamaraju, BlackBuck operates a digital trucking marketplace connecting shippers and truck owners across India. The company became a unicorn in 2021 after raising USD 67 million from Tribe Capital, IFC Emerging Asia Fund and VEF. Sands Capital had participated in earlier rounds.
In Q2 FY26, BlackBuck reported a 5 per cent year-on-year rise in revenue to Rs 151 crore, up from Rs 99 crore in Q1 FY26, and posted a profit of Rs 29 crore during the period.
Several investors have previously pared their stakes in the company, including Wellington Management, Sands Capital and Goldman Sachs, through deals valued at Rs 54 crore, Rs 191 crore and Rs 295 crore, respectively. |
