1.Company Information
Founded in April 2015, Zinka Logistics Solution Limited is a digital platform for truck operators. In fiscal year 2024, 963,345 truck operators in the country transacted on the platform, representing 27.52% of India's total truck operators.
The BlackBuck App is a platform offering payments, telematics, a load marketplace, and vehicle financing services to empower truck operators to achieve their goals efficiently.
As of March 31, 2024, the company had processed a gross transaction value (GTV) of Rs 173,961.93 million in payments.
As of March 31, 2024, the company had 356,050 active telematics devices on average monthly.
As of March 31, 2024, the company has facilitated 4,035 loans totaling Rs 1,967.88 million.
As of March 31, 2024, the company provides vehicle financing to customers in 48 districts across seven states in India.
Competitive Strength
India’s largest platform for digital truck operators.
A broad network of truck operators established over nine years of operation.
New Offerings to fill the market gap and fulfil customer needs.
A strong multichannel distribution network and an effective sales and service strategy drive customer adoption.
High-growth business with operating leverage and strong unit economics
Experienced Management team
As of March 31 2024, the company's workforce consists of 4,289 people
2. Objects of the Issue (Zinka Logistics Solution Limited IPO Objectives)
The company propose to utilise the Net Proceeds towards funding the following objects:
1. Funding towards sales and marketing costs;
2. Investment in Blackbuck Finserve Private Limited, its NBFC subsidiary, for financing the augmentation of its capital base to meet its future capital requirements;
3. Funding of expenditure about product development; and
4. General corporate purposes.
3. Zinka Logistics Solution Limited IPO (BlackBuck IPO) Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: zinka.ipo@kfintech.com
Website: https://kosmic.kfintech.com