Zinka Logistics Solution Limited IPO (Zinka Logistics Solution Limited IPO) Details

 

Zinka Logistics Solution Limited (operating as BlackBuck) was founded in April 2015 and has since established itself as India’s largest digital platform for truck operators. Through its flagship BlackBuck app, the company provides a range of essential services aimed at streamlining operations for truck operators, including payments, telematics, a freight marketplace, and vehicle financing options.

Business Model and Services

BlackBuck’s platform enables truck operators to efficiently manage their logistics and transactions. In the fiscal year 2024:

• Platform Reach: Approximately 963,345 truck operators, representing 27.52% of all truck operators in India, conducted their business through BlackBuck.
• Transaction Volume: The platform processed a Gross Transaction Value (GTV) of Rs. 173,961.93 million.
• Telematics and Financing: BlackBuck maintained a monthly average of 356,050 active telematics devices and facilitated 4,035 vehicle loans totaling Rs. 1,967.88 million.
• Geographical Reach: Vehicle financing services are available in 48 districts across seven states in India.

Competitive Strengths

• Extensive Market Reach: Largest digital platform for truck operators in India with a robust network built over nine years.
• Comprehensive Service Offerings: BlackBuck addresses critical market gaps by offering tools for payments, telematics, vehicle finance, and an online freight marketplace.
• Sales and Service Network: Multi-channel sales strategies enhance customer engagement and streamline service delivery.
• Experienced Leadership: Managed by an experienced team with strong industry expertise.
• Operational Efficiency: High-growth model leveraging operational scale and profitability.

Financial and Workforce Overview

As of March 31, 2024, BlackBuck employed 4,289 staff members and achieved a 62% increase in revenue compared to the previous year. With a strong liquidity position, reputable client base, and solid financial performance, the company is set to launch an IPO, which will include a fresh issue of Rs. 550 crore and an offer for sale of 2.16 crore shares.

Headquartered in Bengaluru, BlackBuck continues to expand its impact by connecting truckers and shippers nationwide, positioning itself as a trusted and efficient partner in the Indian logistics ecosystem.