Summary
The founders of logistics-tech platform BlackBuck have collectively sold shares worth INR 243 crore through a major block deal, marking one of the most significant founder-led stake divestments in the company’s recent history. The sale involved a total of 36 lakh shares, executed at an average price of around INR 676 per share, and included participation from all three cofounders — Rajesh Yabaji, Chanakya Hridaya, and Ramasubramaniam B. The deal attracted interest from several institutional buyers, signalling strong market demand for BlackBuck’s stock amid its steady revenue growth, improving profitability, and positive market performance. Despite the offloading, the founders continue to retain meaningful ownership in the company, indicating long-term commitment even as they leverage favourable market conditions for liquidity. The move also comes at a time when BlackBuck has recorded healthy quarterly results and continues to strengthen its position in India’s fast-digitising trucking and logistics ecosystem.
In a noteworthy transaction in India’s logistics and tech-driven startup sector, the co-founders of BlackBuck have collectively sold shares worth approximately ₹243.5 crore in a single block deal.
The Bengaluru-based company, which operates a digital marketplace connecting truck owners and shippers across India, saw three of its founders reduce their stake via multiple block sales on 18 November 2025.
The details of the sale
According to stock exchange data and media reports, the key parameters of the deal are as follows:
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