Zinka Logistics Solutions Ltd, popularly known as BlackBuck, has received a significant regulatory nod to expand its business offerings. On 31 July 2025, the company was granted a Corporate Agent (Composite) licence by the Insurance Regulatory and Development Authority of India (IRDAI), marking a strategic step into the insurance domain, as per exchange filings.
The licence has been issued under Section 42D of the Insurance Act, 1938 and will remain valid from 31 July 2025 until 30 July 2028. This certification allows Zinka to act as a corporate agent across various insurance segments, strengthening its position within the broader logistics and financial ecosystem.
The company’s expansion into insurance signals its intent to diversify and integrate complementary services into its existing digital freight platform. The announcement confirms that there are no withdrawal or cancellation remarks regarding the licence, ensuring full regulatory clearance for the move.
Founded in 2015, Zinka Logistics (operating as BlackBuck) has emerged as one of India’s leading online freight and logistics platforms. The company connects thousands of truck owners with businesses in need of freight services through its robust digital infrastructure. With a strong focus on technology-driven efficiencies, it has built a significant presence across India’s transport corridors.
The company is also known for pioneering efforts in streamlining India’s fragmented trucking ecosystem. The foray into insurance through the Corporate Agent licence opens new avenues for growth and customer engagement within its logistics ecosystem.
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As of August 1, 2025, at 11:30 AM, Zinka Logistics Solutions (BlackBuck) share price is trading at ₹450.20 per share, reflecting a decline of 3.40%. Over the past month, the stock has gained by 3.76%.
With the IRDAI’s approval, Zinka Logistics is well-positioned to integrate insurance into its portfolio, potentially adding more value to its platform users while opening up a new revenue stream over the next 3 years.
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Published on: Aug 1, 2025, 2:47 PM IST
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