BlackBuck, a logistics startup backed by notable investors such as Peak XV, Accel, and Tiger Global, has received approval from the Securities and Exchange Board of India (SEBI) for its INR 550 crore IPO, as confirmed by the final observation letter issued on October 3.
The company's financials show a significant reduction in its yearly net loss to INR 194 crore for FY24, alongside a 69% year-on-year increase in operating revenue, reaching INR 296.9 crore.