India's long-haul logistics market to maximise efficiency for underutilized trucks and optimising time and cost for shippers through technology has Blackbuck among top players that raised $43 million from Goldman Sachs and Facebook co-founder Eduardo Saverin's B Capital in its latest fundraising. With the latest fund infusion, Blackbuck, which was launched in first half of 2015, has also become India's second most-valuable logistics startup. The data sourced from Paper.vc showed that the startup's valuation has hit $862 million (Rs 6,039 crore) mark, ahead of its competitor Rivigo's $526 million valuation. "Our data shows that Rivigo's Series E (fundraising) valued it at Rs 3,685 crore. Delhivery's (e-commerce logistics startup) Series F placed it at a post-money of Rs 10,601 crore ($1.5 billion). With this Series D round, Blackbuck is now the second most highly valued logistics platform in India with a valuation of INR 6,039 crore," Paper.vc Co-founder Sonia Pradhan told Financial Express Online. Last week Delhivery, started in 2011, raised $400 million from SoftBank, Carlyle Group etc., that pushed the company's valuation from $700-800 million in its preceding funding round of $130 million in May 2017 led by Fosun International and Carlyle Group. Blackbuck was valued at reportedly around $180 million during its last fundraising in 2017. As per media reports, Blackbuck's operating revenue stood at Rs 901.9 crore in FY18 while the net loss was reported at Rs 116.71 crore. Rajesh Yabaji, Co-founder at Blackbuck wasn't accessible for comments while filing this report. Blackbuck operates as a marketplace for trucking logistics, which is unlike Rivigo's asset-heavy model of owning trucks, to help shippers connect with truckers. On the other hand, surface transport company Rivigo has \u2018relay-as-a-service\u2019 model where drivers drive for four-five hours from their base location to \u2018relay\u2019 the truck to another driver and drive back another truck to his base location. This saves long hours for drivers on the road. In the latest round, Blackbuck issued 15,668 Series D compulsorily convertible preference shares with face value of Rs 10 as per the "resolution passed by the shareholders of the company in the meeting held on February 25," said regulatory filings sourced by business signals platform Paper.vc. Around $30.5 million were invested by Goldman Sachs while the rest came from B Capital in exchange for 11,060 and 4,608 shares respectively. With the latest round, Blackbuck has raised more than $178 million in 6 rounds of funding.