{
  "id": 6795577,
  "title": "Accel Offloads ₹156 Cr Stake In BlackBuck Via Block Deal",
  "url": "https://urgent.news/2026/09/11/accel-offloads-156-cr-stake-in-blackbuck-via-block-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T19:41:34.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/accel-offloads-%e2%82%b9156-cr-stake-in-blackbuck-via-a-block-deal/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Early backer Accel India yesterday sold 27 Lakh shares of logistics giant BlackBuck via an open-market transaction for ₹155.5 Cr.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}