The firm's co-founders, Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian B., will sell 2.2 million, 1.1 million and 1.1 million shares in the OFS. Together, they hold a 32% stake in the firm.

Bengaluru-based Zinka Logistics Solutions, backed by the Walmart owned ecommerce major Flipkart and Accel, and which claims to the largest domestic digital platform for truck operators, has filed for a Rs 550-crore primary share sale.

Flipkart-backed logistics unicorn BlackBuck has filed its DRHP with markets regulator SEBI for its INR 550 Cr initial public offering (IPO).

Zinka Logistics is committed to redefining the Indian transportation sector by providing truck owners with digital tools to better manage their companies and boost their profits. The company's cutting-edge BlackBuck app functions as a full platform, including options for financing for vehicles, load management, telemetry, and payments.

The IPO of the trucking platform is a mix of fresh equity shares worth ₹550 crore and an OFS of up to 2.16 crore shares.

Bengaluru based company, Zinka Logistic Solutions, also known as BlackBuck, recently announced that the company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

The IPO, with a face value of Rs 1 each, is a mix of fresh issuance of Rs 550 crore and an offer for sale of up to 21.61 million equity shares by promoters and investor selling shareholders