BlackBuck’s CEO offloads shares worth Rs 135 Cr

BlackBuck’s chairman and CEO Rajesh Kumar Naidu Yabaji has trimmed a portion of his stake in the logistics marketplace through a Rs 135 crore bulk deal on Tuesday. 

Yabaji, one of the company’s promoters, offloaded 20 lakh shares at Rs 676.4 per share, marking a sale of 9.37% of his holding.

Before the transaction, Yabaji held 2.13 crore shares, representing 11.81% of BlackBuck’s total equity base of 18.07 crore shares. Post-sale, his stake has reduced to 1.93 crore shares, or 10.7%.

Among the buyers, Discovery Global Opportunity Mauritius Limited emerged as the largest participant, purchasing 13 lakh shares at the same price, aggregating to a sum of Rs 88 crore.

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.

During the second quarter of the ongoing fiscal year (Q2 FY26), the company reported a 5% year-on-year increase in its revenue to Rs 151 crore, from Rs 99 crore in Q1FY26. At the same time the firm reported a profit of Rs 29 crore.

BlackBuck's investors had previously reduced their stakes. This includedWellington Management,Sands Capital, andGoldman Sach, with transactions valued at Rs 54 crore, Rs 191 crore, and Rs 295 crore, respectively.

The company is currently trading at Rs 686.3 (as on 10.30 AM) with the total market capitalization of Rs 12,420 crore ($1.4 billion).