About LetsTransport
LetsTransport is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015 by Sudarshan Ravi Jha and Pushkar Singh, and was acquired by Bertelsmann Investments in February 2026. Platform offering customised logistic solutions to enterprises. It operates in the Transportation, Automotive & Logistics and Retail sectors. 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. LetsTransport has completed 2 acquisitions, including PixlCoders and Shifter. LetsTransport was last valued at $173.01 million in March 2023. Its chief executive, as recorded, is Pushkar Singh. Its Indian entity Diptab Ventures Private Limited reported revenue of ₹530 Cr. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and End to End Delivery Services. Its competitors include RoadCast, ParcelX and WebXpress; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 744
- Founders Sudarshan Ravi Jha, Pushkar Singh
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsRetail
- Email••••••••
- Phone•••• ••••
- Website letstransport.in
- Social LinkedIn X Facebook Instagram
- Acquired by Bertelsmann Investments (Feb 2026)
- Legal Name Diptab Ventures Private Limited
- Date of Incorporation 20 Apr, 2015
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹530 Cr
FY 2025 · +35% YoY
- Net Loss-₹60.24 Cr
FY 2025 · -11% margin
- EBITDA-₹23.49 Cr
FY 2025 · -4% margin
- Total Equity Funding$92.6M (USD)
in 17 rounds
- Latest Funding Round$22M (USD), Series E
Apr 2024
- InvestorsInCred
& 66 more
- Employee Count744
- Investments & AcquisitionsPixlCoders
& 1 more
- Acquired byBertelsmann Investments
(Feb 2026)
Associated legal entities of LetsTransport
LetsTransport operates through Diptab Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Diptab Ventures Private Limited CIN U74999HR2015PTC055197 | Active | 20 Apr 2015 | Gurgaon, Haryana | ₹530 Cr | 744 | 7 | View details |
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 $92.6M
- Total Rounds 17
- Last Round Series E — $22M
- First Round $1.3M
(Aug 2015)
- Investors Count 66
Latest 10 of 17 funding rounds of LetsTransport with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $22M | Series E | – | Bertelsmann India Investments, Ales | |
| Mar 2023 | $25M | Series D | $173.01M | Bertelsmann India Investments, Bertelsmann | – |
| Jul 2022 | $6.36M | Series C | $67.04M | Bertelsmann | |
| Dec 2021 | $5.95M | Series B | $••••• | Bertelsmann | |
| Aug 2021 | $292,492 | Series B | $••••• | Stride Ventures, Stride Ventures | |
| Jan 2021 | $136,788 | Series B | $••••• | Stride Ventures, Stride Ventures | – |
| Nov 2020 | $7.5M | Series B | $••••• | DS Group, Bertelsmann | |
| Jun 2020 | $1.59M | Debt – Venture | – | – | |
| Jun 2020 | $1.33M | Debt – Venture | – | – | |
| May 2020 | $1.72M | Series B | – | Innoven Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $173.01M | •••••••• |
| Jul 2022 | $67.04M | •••••••• |
| Dec 2021 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| Nov 2020 | $••••• | •••••••• |
| Dec 2018 | $••••• | •••••••• |
| Aug 2017 | $••••• | •••••••• |
Full valuation and stage history of LetsTransport
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $173.01M (Mar 2023). 67 investors in total: 47 institutional and 20 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm backed by Bertelsmann | 2012 | biifund.com | Abcoude, Netherlands | |
Early-stage venture capital firm focusing on Asia regions. | 2008 | rebrightpartners.com | ||
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Private equity firm focused on multiple sectors | Mumbai, India | |||
Venture debt is provided to growth-stage companies for business scaling. | strideventures.global | Delhi, India | ||
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Early-stage tech ventures in the US and Asia are funded. | gmo-vp.com | Shibuya, Japan | ||
Venture capital firm focused on multiple sectors | Singapore, Singapore | |||
Venture capital firm focused on seed-stage investments | Gurugram, India | |||
Seed to late-stage venture capital investments are made in Japan. | msivc.co.jp | Tokyo, Japan |
Investor details for LetsTransport
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Diptab Ventures Private Limited (LetsTransport)
Diptab Ventures Private Limited is the primary company behind LetsTransport. The board of Diptab Ventures Private Limited currently have 6 directors; the longest-serving is Pushkar Singh, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pushkar Singh DIN 07108375 | Director | 20 Apr 2015 | 11 yrs 6 mo | Diptab Ventures Private Limited |
| Sudarshan Ravi Jha DIN 07232116 | Director | 07 Jul 2015 | 11 yrs 4 mo | Diptab Ventures Private Limited |
| Prateek Pujari DIN 10930961 | Director | 31 Jan 2025 | 1 yr 9 mo | Diptab Ventures Private Limited |
| Rohit Sood DIN 07265341 | Director | 01 Oct 2025 | 1 yr 1 mo | Diptab Ventures Private Limited |
| Pankaj Makkar DIN 03442209 | Director | 01 Oct 2025 | 1 yr 1 mo | Diptab Ventures Private Limited |
| Jayesh Amar Bavle DIN 11143830 | Director | 01 Oct 2025 | 1 yr 1 mo | Diptab Ventures Private Limited |
People of LetsTransport
56 people are tracked at LetsTransport (20 in leadership, 36 in team); the tracked headcount is 744.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Rajarshi Chakrabarti | Asst. Director ● Head-fmcg, Cement & Commodities Vertical & New Business Development-all Verticals | Leadership |
Amit Dixit | Chief Product And Technology Officer | Leadership |
Chetan Patil | Associate Regional Head | Leadership |
| Co-Founder & CPO | Leadership | |
Bishan Mukherjee | Head, New Initiatives | Leadership |
Aman Agarwala | Corporate Development - Founder's Office | Leadership |
| COO | Leadership | |
Sanjeev Chandrayan | Business Head - Express Distribution | Leadership |
Vikas Garikipati | Director Of Product Management | Leadership |
Dilip Kumar | Head Of Finance | Leadership |
Stutidutta Mishra | Regional Head | Leadership |
Preeti Choudhary | Head Of Revenue Assurance | Leadership |
Anurag Chandrasekhar Saxena | Director Police Liaison Investigation & Government Affairs (pan India) | Leadership |
Priya Yadav | Senior Human Resources Business Partner | Leadership |
Avtar Singh Saini | Associate Director Of Operations | Leadership |
Praveena G | Business Partner-people & Culture | Leadership |
Akash K | Program Manager - Founder's Office | Leadership |
Sanoop Reji | Assistant Head - National Accounts Manager-fmcg | Leadership |
36 more people are available in the full profile.
Complete people profiles for LetsTransport
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of LetsTransport
Figures of Diptab Ventures Private Limited, the primary company behind LetsTransport, for FY 2025. Revenue was ₹530 Cr (+35% year on year). Net loss was -₹60.24 Cr (-11% margin). EBITDA was -₹23.49 Cr (-4% margin). Revenue has grown at a compounded annual rate of +9% over three years and +24% over five years.
- ₹530 CrRevenue · FY 2025 · +35% YoY
- -₹60.24 CrNet loss · -11% margin
- -₹23.49 CrEBITDA · -4% margin
- ₹130 CrPaid-up capital
- 744Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Diptab Ventures Private Limited are on its company page.
Detailed financial statements for LetsTransport
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by LetsTransport
LetsTransport has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PixlCoders and Shifter.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of web and mobile app development services | pixlcoders.com | Bengaluru, India | 2017 | Feb 2020 | •••• | |
Intra-city goods transportation is facilitated through online booking and mini-trucks. | shifter.in | Bengaluru, India | 2014 | Jun 2015 | •••• |
Complete acquisition details for LetsTransport
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of LetsTransport
7 dated milestones of LetsTransport across 11 years, from founding to its latest funding, stage changes and deals.
- Founded LetsTransport is founded.
- Acquisition Acquires Shifter.
- Funding First funding round of $1.3M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires PixlCoders.
- Funding Latest funding round, Series E, of $22.0M.
- Exit Acquired by Bertelsmann Investments.
Competitors of LetsTransport
LetsTransport has 3 listed competitors in our database, 3 of them funded. They include RoadCast, ParcelX and WebXpress.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| roadcast.in | 2015 | Delhi, India | $2.26M | 25 | Provider of vehicle telematics and fleet management solutions | |
| parcelx.in | 2020 | Delhi, India | $32,653 | 43 | AI and web-based end-to-end shipping management solutions are provided. | |
| webxpress.in | 2004 | Mumbai, India | $402,578 | 23 | Cloud-based logistics software solutions are provided for supply chain management. |
Detailed competitors of LetsTransport
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of LetsTransport
The website of LetsTransport (letstransport.in) receives about 5.9K visits a month.
- Monthly visits5.9K
▼ 58.8% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as LetsTransport (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Letstransport
Complete news archive for LetsTransport
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 CEO of LetsTransport, as recorded in our data. They have also founded this 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 B of $1.72M, raised on Aug 2015.
LetsTransport has 744 employees.
The primary company behind LetsTransport, Diptab Ventures Private Limited, reported revenue of ₹530 Cr for FY 2025, up 35% year on year.
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.
LetsTransport operates through Diptab Ventures Private Limited.