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India's 'Uber for trucks' eyes million drivers as it nears unicorn status

BlackBuck aims to triple size of platform by 2021 to tackle country's fragmented logistics sector

The development of India's logistics sector has been hampered by multiple challenges.   © Reuters

BANGALORE/NEW DELHI -- Bangalore-based startup Zinka Logistics Solutions aims to triple the size of its truck-hailing platform BlackBuck in less than two years following a recent round of funding that has brought the company to the brink of unicorn status.

BlackBuck connects shippers with trucks, much like Uber connects passengers with taxis, helping to streamline India's notoriously inefficient logistics industry. The platform has grown to cover 300,000 trucks in just three years, and the company aims to increase that number to 1 million by 2021.

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