Accel India sold 27 Lakh shares of logistics startup BlackBuck on September 11, 2026, raising Rs 155.5 Cr through an open-market block deal.
The venture firm sold the shares at Rs 576.05 each, according to NSE data. That price was an 8.4% discount to BlackBuck’s previous close on Friday.
Asset management company Abakkus Investment Managers bought the shares. The stake sold was close to 1.5% of BlackBuck.
Accel is one of BlackBuck’s oldest backers. It held the shares through its affiliate Accel India IV (Mauritius). That entity owned 7.17% of BlackBuck at the end of June 2026.
The sale was a move to book profit. BlackBuck shares have risen about 18% in the past three months. The stock is still down 7.6% so far this year.
The rally followed a strong June quarter. BlackBuck’s net profit rose 25% to Rs 42.2 Cr in Q1 FY27, up from Rs 33.7 Cr a year earlier. Revenue from operations climbed 42% year-on-year to Rs 204.2 Cr.
Revenue also grew 10% over the previous quarter. BlackBuck served 8.83 Lakh customers in Q1 FY27. Monthly transacting customers using two or more services rose 20% year-on-year to 4.6 Lakh.
BlackBuck was founded in 2015 by Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam. It runs an online B2B marketplace for inter-city full truck load transportation. It also offers telematics tools and vehicle financing to truck operators.
BlackBuck shares closed 7.46% higher at Rs 629.05 on the BSE on Friday. Flipkart’s subsidiary Quickroutes and Peak XV Partners also back the company.
What this means for you: An early investor trimming a stake after a rally is booking gains, not signalling trouble, but founders watching the cap table should note which backers are selling and when.
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Disclaimer: This article is for information only and is not investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. Please speak to a SEBI-registered advisor before investing.
