In a post on microblogging site X (formerly Twitter), Yabaji said the company is relocating within Bangalore city to facilitate an easy commute for its employees, adding that a large part of its operations will still be from the Outer Ring Road (ORR) office.
“We (Blackbuck team) are only relocating within the city to a different location, which will facilitate easy commute for our employees. We want to reiterate that a large part of operations would still continue to happen on the ORR,” Yabaji said.
The trucking aggregator started its operation in 2016 from Bengaluru’s Bellandur-Outer Ring Road. Its core business offerings include tolling, vehicle tracking, load platform, vehicle financing, and more.
Reports surfaced that deteriorating infrastructure had made it difficult for employees to continue working at the Bellandur location.
Yabaji’s tweet citing reasons that the average commute time for his colleagues has increased to over 90 minutes one way, roads are filled with potholes and dust, and the decision comes as they don’t see this changing in the next five years.
The cofounder and CEO acknowledged that the startup has been one of the “biggest beneficiaries” of the Karnataka tech ecosystem over the last decade.
Yabaji hinted at plans to expand the startup’s footprint in Bengaluru in the near future, citing support from the state government on the above mentioned issues.
“We will not only continue to remain in the city of Bengaluru but will also expand our footprint here. We continue to remain committed to relay our needs and issues to the relevant government authorities and seek support to get them resolved,” he added.
Blackbuck saw a 56% rise in its revenue from operations for the first quarter of the financial year 2025-26 (Q1 FY26) to Rs 143.6 crore from Rs 92 crore reported a year ago.
The company’s net profit rose just 17.5% year-on-year (YoY) to Rs 33.7 crore from Rs 28.67 crore. However, its net profit plunged 88% on-quarter.
In Q4 of FY2025, Blackbuck reported a net profit of Rs 280 crore on account of a reduction in total expenses as well as a deferred tax credit of Rs 247 crore.
Blackbuck, which is backed by Accel and Flipkart, was listed on the stock exchanges last November.