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LetsTransport raised $22 million in a funding round led by Bertelsmann

PRIVATEApr 24, 2024

Amount Raised

$22 Million

Round Type

Funding Round

BengaluruTransportationLogistics

Investors

CAC CapitalStride VenturesALES GlobalNB VenturesRebright PartnersBertelsmann India Investments

Description

Truck aggregator startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to achieve profitability.

Quick answer

LetsTransport raised $22 Million in a Funding Round round, dated April 24, 2024. Investors: CAC Capital, Stride Ventures, ALES Global, NB Ventures, Rebright Partners and Bertelsmann India Investments. LetsTransport is based in Bengaluru, Karnataka, India.

How much did LetsTransport raise?
LetsTransport raised $22 Million in a Funding Round round on April 24, 2024.
Who invested in LetsTransport?
CAC Capital, Stride Ventures, ALES Global, NB Ventures, Rebright Partners and Bertelsmann India Investments are named as investors in this round.
What does LetsTransport do?
LetsTransport is a Series-E funded, tech-enabled urban logistics company founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher and headquartered in Bangalore, aggregating light and..
Where is LetsTransport based and how big is it?
LetsTransport is based in Bengaluru, Karnataka, India.
Who are the decision-makers at LetsTransport?
Fundz holds 1 contact at LetsTransport. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Logistics around the same time

Companies in the same sectors as LetsTransport that raised within 45 days of this round, from Fundz verified event records.

  • Qargo raised $13M (Series A) on June 6, 2024.
  • Whizz raised $12M (Series A) on June 6, 2024.
  • Mober raised $6M (Series A) on June 6, 2024.
  • McEasy raised $11M (Series A) on June 5, 2024.
  • Ofload raised $31M (Series C) on June 3, 2024.
  • TechEagle raised an undisclosed amount (Funding Round) on May 30, 2024.

Who to call at LetsTransport, and when

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Company Information

Company

LetsTransport

Location

Bengaluru, Karnataka, India

About

LetsTransport is a Series-E funded, tech-enabled urban logistics company founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher and headquartered in Bangalore, aggregating light and medium commercial vehicles to serve bluechip enterprises across India with customized logistics solutions and value-added services, having onboarded 250,000+ truckers across 30 cities and working with major clients such as Amazon, Nestle, Delhivery, Zomato, and Zepto.

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