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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People of LetsTransport
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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.
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.
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Venture capital firm backed by Bertelsmann
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Early-stage venture capital firm focusing on Asia regions.
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Venture debt funding and structured finance for innovative startups in India.
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Investor details for LetsTransport
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Investments & Acquisitions by LetsTransport
LetsTransport has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PixlCoders and Shifter.
Investment portfolio details for LetsTransport
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of web and mobile app development services
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Intra-city goods transportation is facilitated through online booking and mini-trucks.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for LetsTransport
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Financial Statements - LetsTransport
Detailed financials for LetsTransport
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Letstransport Comparisons
Peer comparison for LetsTransport
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Last-mile delivery operations are managed through SaaS and AI solutions.
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Provider of vehicle telematics and fleet management solutions
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AI and web-based end-to-end shipping management solutions are provided.
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End-to-end software and hardware for last-mile delivery management are provided.
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Cloud-based logistics software solutions are provided for supply chain management.
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Detailed competitors of LetsTransport
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Latest news on Letstransport
Complete news archive for LetsTransport
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Frequently Asked Questions about LetsTransport
LetsTransport was founded in 2015.
LetsTransport is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Pushkar Singh is the current CEO of LetsTransport. They have also founded this company.
LetsTransport is a funded company, having raised a total of $92.6M across 17 funding rounds to date.
As of Sep 26, 2024, the latest employee count at LetsTransport is 744.
Annual revenue of LetsTransport is $49.27M as on Mar 31, 2022.
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.
LetsTransport has made 2 acquisitions, including PixlCoders, and Shifter.
LetsTransport has 67 investors. Key investors include InCred, Flex, Transport Corporation of India, Oxyzo, and BlackSoil.
The valuation of LetsTransport is $173.01M as of Mar 2023.