About LetsTransport
LetsTransport is a company based in Bengaluru (India) founded in 2015 by Sudarshan Ravi Jha and Pushkar Singh was acquired by Bertelsmann Investments in February 2026.. LetsTransport has raised $92.6 million across 17 funding rounds from investors including InCred, Flex and Transport Corporation of India. The company has 744 employees as of September 26, 2024. LetsTransport has completed 2 acquisitions, including PixlCoders and Shifter. LetsTransport operates in a competitive market with competitors including FarEye, RoadCast, ParcelX, RYTLE and WebXpress, among others.
- Headquarter Bengaluru, India
- Employees 744 as on 26 Sep, 2024
- Founders Sudarshan Ravi Jha, Pushkar Singh
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Diptab Ventures Private Limited
- Date of Incorporation 20 Apr, 2015
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$49.27 M (USD)92.85as on Mar 31, 2022
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Net Profit
$-8.84 M (USD)-32.16as on Mar 31, 2022
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EBITDA
$-6.57 M (USD)-25.38as on Mar 31, 2022
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Total Equity Funding
$92.6 M (USD)
in 17 rounds
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Latest Funding Round
$22 M (USD), Series E
Apr 24, 2024
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Investors
InCred
& 66 more
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Employee Count
744
as on Sep 26, 2024
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Investments & Acquisitions
PixlCoders
& 1 more
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Acquired by
Bertelsmann Investments
(Feb 10, 2026)
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Funding Insights of LetsTransport
LetsTransport has successfully raised a total of $92.6M across 17 strategic funding rounds. The most recent funding activity was a Series E round of $22 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Series E — $22.0M
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First Round
First Round
(04 Aug 2015)
- Investors Count 66
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series E - LetsTransport | Valuation | Bertelsmann India Investments , Ales | |
| Mar, 2023 | Amount | Series D - LetsTransport | Valuation | Bertelsmann India Investments , Bertelsmann |
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| Jul, 2022 | Amount | Series C - LetsTransport | Valuation | Bertelsmann |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LetsTransport
LetsTransport has secured backing from 67 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include InCred, Flex and Transport Corporation of India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm backed by Bertelsmann
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Founded Year | Domain | Location | |
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Early-stage venture capital firm focusing on Asia regions.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LetsTransport
LetsTransport has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PixlCoders and Shifter. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of web and mobile app development services
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2017 | ||||
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Intra-city goods transportation is facilitated through online booking and mini-trucks.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LetsTransport
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letstransport Comparisons
Competitors of LetsTransport
LetsTransport operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FarEye, RoadCast, ParcelX, RYTLE and WebXpress, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Last-mile delivery operations are managed through SaaS and AI solutions.
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| domain | founded_year | HQ Location |
Provider of vehicle telematics and fleet management solutions
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| domain | founded_year | HQ Location |
AI and web-based end-to-end shipping management solutions are provided.
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| domain | founded_year | HQ Location |
End-to-end software and hardware for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
Cloud-based logistics software solutions are provided for supply chain management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Letstransport
Frequently Asked Questions about LetsTransport
When was LetsTransport founded?
LetsTransport was founded in 2015.
Where is LetsTransport located?
LetsTransport is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of LetsTransport?
Pushkar Singh is the current CEO of LetsTransport. They have also founded this company.
Is LetsTransport a funded company?
LetsTransport is a funded company, having raised a total of $92.6M across 17 funding rounds to date. The company's 1st funding round was a Series C of $6.36M, raised on Aug 04, 2015.
How many employees does LetsTransport have?
As of Sep 26, 2024, the latest employee count at LetsTransport is 744.
What is the annual revenue of LetsTransport?
Annual revenue of LetsTransport is $49.27M as on Mar 31, 2022.
What does LetsTransport do?
LetsTransport was founded in 2015 in Bengaluru, India, as a platform in the logistics sector. Customized solutions are offered for first-mile, mid-mile, and last-mile deliveries, along with cold chain logistics and managed services. Transportation from stores to retailers and customers is handled, including material handling, packaging, trucking, and end-to-end delivery management. Operations focus on enterprise requirements across India.
Who are the top competitors of LetsTransport?
How many acquisitions has LetsTransport made?
LetsTransport has made 2 acquisitions, including PixlCoders, and Shifter.
Who are LetsTransport's investors?
LetsTransport has 67 investors. Key investors include InCred, Flex, Transport Corporation of India, Oxyzo, and BlackSoil.
What is LetsTransport's valuation?
The valuation of LetsTransport is $173.01M as of Mar 2023.