New Delhi: LetsTransport, a leading truck aggregator has successfully secured $22 million in a latest funding round led by Bertelsmann India Investments.
The funding round also witnessed participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and others.
LetsTransport aims to use the funds to expand its market share, scale various business verticals, and achieve high profitability.
LetsTransport was founded in 2015 by Pushkar Singh, Sudarshan Ravi, and Ankit Parasher. The platform is designed to link businesses with fragmented truckers and offer them immediate transportation solutions.
In addition, it also provides its clients with an extensive portfolio of assets across use cases in last-mile, mid-mile, and electrical vehicle space. As per the statistics shared by LetsTransport, the company has approximately 200,000 registered truckers and over 200 blue-chip clients in over 25 cities.
Pushkar Singh, the co-founder and chief executive of LetsTransport, said, “We aspire to constantly build moats around our best customers, both enterprises and truckers. We believe ourselves to be an enablement layer by creating products that bridge India’s vision of making logistics competitive and stakeholders proactively looking for upgradation.”
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