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Sands Capital trims BlackBuck stake worth Rs 191 Cr within a week

EntrackrEntrackr · 3d ago
Sands Capital trims BlackBuck stake worth Rs 191 Cr within a week
Medial

News All Stories Sands Capital trims BlackBuck stake worth Rs 191 Cr within a week Stock exchange data shows Sands Capital Private Growth II sold 1.46% of BlackBuck (Zinka Logistics Solutions) on August 13 across two block deals. Kunal Manchanada 14 Aug 2025 10:57 IST Follow Us US-based investment firm Sands Capital has reduced its stake in logistics unicorn BlackBuck through three open market transactions this month, pocketing around Rs 191 crore from the partial exit. Stock exchange data shows Sands Capital Private Growth II sold 1.46% of BlackBuck (Zinka Logistics Solutions) on August 13 across two block deals. The deal involved about 26.3 lakh shares on the BSE and NSE at an average price of Rs 515.66 per share, amounting to Rs 135.6 crore. This came just days after the fund sold 0.6% of the company on August 8 for Rs 55.58 crore. In that deal, it offloaded 10.68 lakh shares at Rs 520.47 per share. Together, the sales represent roughly 2.06% of the company’s equity. The buyers in these trades have not been disclosed, though market sources suggest that domestic institutional investors and high-net-worth individuals could be among them. Last week, Wellington Management’s offshore investment fund Ithan Creek Master Investors also offloaded over Rs 53 crore worth stake in B2B logistics firm. Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Subbu Allamaraju, BlackBuck runs a trucking marketplace that connects shippers with truck owners across India. The Bengaluru-based startup entered the unicorn club in 2021 after raising $67 million from Tribe Capital, IFC Emerging Asia Fund, and VEF, among others. Sands Capital invested in earlier rounds. BlackBuck went public earlier this year, becoming one of the rare logistics-tech players to list on Indian exchanges. The company has seen positive investor sentiment post-listing, driven by narrowing losses and a rebound in freight activity. For Sands Capital, the move is seen as a partial profit booking following the listing, rather than a complete exit. The firm continues to hold a sizeable stake in BlackBuck.

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EntrackrEntrackr · 6m ago
Zolostays hits Rs 200 Cr revenue in FY24, trims losses
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Elevation Capital trims Ixigo stake, clocks 25X return

EntrackrEntrackr · 3m ago
Elevation Capital trims Ixigo stake, clocks 25X return
Medial

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EntrackrEntrackr · 23d ago
Tata 1mg revenue nears Rs 2,400 Cr in FY25, trims losses
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Wellington Management sells Blackbuck shares worth Rs 54 Cr

EntrackrEntrackr · 9d ago
Wellington Management sells Blackbuck shares worth Rs 54 Cr
Medial

Wellington Management sells Blackbuck shares worth Rs 54 Cr Wellington Management’s offshore investment fund Ithan Creek Master Investors (Cayman) L.P.F. has offloaded over Rs 53 crore worth stake in B2B logistics firm Blackbuck through a bulk deal on the stock exchange. As per disclosure on NSE, Wellington Management divested 9.9 lakh shares at Rs 540.54 apiece, amounting to a total deal value of Rs 53.7 crore. Ithan Creek Master Investors (Cayman) L.P.F. is a Cayman Islands-based offshore investment fund managed by Wellington Management. This deal follows BlackBuck’s financial disclosure for the first quarter of FY26. As reported by Entrackr, the company posted a 57% year-on-year growth in revenue to Rs 144 crore during the period. Profit also rose 17% YoY to Rs 34 crore, reflecting a steady improvement in margins. According to the company, the growth was driven by improved operating leverage and expansion into newer business lines, which helped boost both revenue and profitability. The Bengaluru-based company’s core business of providing truck operator services continued to be its primary source of income, accounting for nearly 98% of the total revenue in the quarter ending June 2025. At the end of the day (Thursday, August 7), Blackbuck’s stock was trading at Rs 517.4, with a total market cap of Rs 9,278 crore. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

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