Accel Offloads ₹156 Cr Stake In BlackBuck Via Block Deal

Accel India divested a ₹156 crore stake in logistics company BlackBuck through an open-market trade. The venture capital firm sold 27 lakh shares, each valued at ₹576.05, for a total of ₹155.5 crore. This reduced Accel's ownership in BlackBuck by 1.5%, or nearly 8.4% compared to the stock's closing price from the previous Friday.

Abakkus Investment Managers, an asset management company, quickly purchased the shares that were released into the market. Accel held a 7.17% stake in BlackBuck as of June 2026, through its subsidiary Accel India IV (Mauritius). The stock market sell-off is part of a broader trend of investors cashing in on BlackBuck's recent surge in share price.

The company's stock has risen by nearly 18% over the past three months, though it has dropped 7.6% year-to-date. The increase in BlackBuck's stock price is attributed to its strong financial and operational performance. In Q1 of fiscal year 2026-27, BlackBuck's net profit grew 25% to ₹42.2 crore, while revenue from operations jumped 42% year-over-year and 10% quarter-over-quarter to ₹204.2 crore.

Founded in 2015 by Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam, BlackBuck offers an online B2B marketplace for inter-city full truck load transportation. The startup also provides telematics solutions and vehicle financing to truck operators throughout India. Backed by Accel India, Quickroutes, a subsidiary of e-commerce giant Flipkart, and Peak XV Partners, BlackBuck reported handling 8.83 lakh customers in Q1 FY27 and saw a 20% year-over-year increase in monthly transacting customers using two or more of its services. On Friday, BlackBuck's shares closed up 7.46% at ₹629.05 on the BSE.