About LETZRYD
LETZRYD is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2023 by Kushagra Dokania, Sarvagna G, and Tarun Jain. Online ride-hailing platform. LETZRYD has raised $5.11 million across 3 funding rounds from investors including UNLEASH Capital Partners, 15th Rock and Sanjay Kumar Agarwal. Its Indian entity Samvreeddhi Mobility Private Limited reported revenue of ₹11.5 Lakh. LETZRYD offers products and services including Ride-Hailing App, Driver Partnership Program, and Investor Opportunities. Its focus areas include Consumer, Road Transport Tech, Ride Hailing and Cars. Its competitors include Savaari, Meru and TaxiForSure; 3 of its 3 listed competitors have raised funding.
Company details
LETZRYD was founded in 2023 in Bengaluru, India, as an online ride-hailing platform in the transportation sector. Rides are booked by users through the service, where location, personal details, payment information, and preferred dates are provided. Operations focus on facilitating seamless connections between riders and drivers within urban areas, with the domain letzryd.com serving as the primary access point.
- Headquarters Bengaluru, India
- Founders Kushagra Dokania, Sarvagna G, Tarun Jain
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website letzryd.com
- Social LinkedIn Instagram
- Legal Name Samvreeddhi Mobility Private Limited
- Date of Incorporation 27 Oct, 2023
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹11.5 Lakh
FY 2024
- Net Loss-₹9.5 Lakh
FY 2024 · -83% margin
- EBITDA-₹11.1 Lakh
FY 2024 · -97% margin
- Total Equity Funding$5.11M (USD)
in 3 rounds
- Latest Funding Round$4M (USD), Series A
Mar 2026
- InvestorsUNLEASH Capital Partners
& 2 more
Associated legal entities of LETZRYD
LETZRYD operates through Samvreeddhi Mobility Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Samvreeddhi Mobility Private Limited CIN U77100KA2023PTC180350 | Active | 27 Oct 2023 | Bangalore, Karnataka | ₹0.1 Cr | 19 | 5 | View details |
Products & Services of LETZRYD
LETZRYD offers a comprehensive portfolio of products and services, including Ride-Hailing App, Driver Partnership Program, and Investor Opportunities.
App for booking efficient and safe urban rides
Program to onboard drivers as micro-entrepreneurs
Platform for investing in urban mobility expansion
Funding Insights of LETZRYD
LETZRYD has successfully raised a total of $5.11M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in March 2026. 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 $5.11M
- Total Rounds 3
- Last Round Series A — $4M
- First Round $107,748
(Jun 2024)
- Investors Count 3
All 3 funding rounds of LETZRYD 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 |
|---|---|---|---|---|---|
| Mar 2026 | $4M | Series A | – | – | |
| Sep 2024 | $1M | Seed | – | UNLEASH | – |
| Jun 2024 | $107,748 | Seed | – | – |
3 investors in total: 2 institutional and 1 angel.
Investors in LETZRYD
LETZRYD has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include UNLEASH Capital Partners, 15th Rock and Sanjay Kumar Agarwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage tech startups | 2023 | unleashcp.com | Bengaluru, India | |
| 15th-rock.com | ||||
SK Sanjay Kumar Agarwal | unknown_918cef2d52424b568 |
Investor details for LETZRYD
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Samvreeddhi Mobility Private Limited (LETZRYD)
Samvreeddhi Mobility Private Limited is the primary company behind LETZRYD. The board of Samvreeddhi Mobility Private Limited currently have 3 directors; the longest-serving is Tarun Jain, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tarun Jain DIN 07686055 | Whole-time director | 16 Mar 2024 | 2 yrs 7 mo | Samvreeddhi Mobility Private Limited |
| Gourawaram Sarvagna DIN 07761019 | Director | 02 Jul 2024 | 2 yrs 3 mo | Samvreeddhi Mobility Private Limited |
| Kushagra Dokania DIN 10545186 | CFO | 09 Sep 2024 | 2 yrs 1 mo | Samvreeddhi Mobility Private Limited |
People of LETZRYD
3 people are tracked at LETZRYD (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sarvagna G | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for LETZRYD
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- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of LETZRYD
Figures of Samvreeddhi Mobility Private Limited, the primary company behind LETZRYD, for FY 2024. Revenue was ₹11.5 Lakh. Net loss was -₹9.5 Lakh (-83% margin). EBITDA was -₹11.1 Lakh (-97% margin).
- ₹11.5 LakhRevenue · FY 2024
- -₹9.5 LakhNet loss · -83% margin
- -₹11.1 LakhEBITDA · -97% margin
- ₹2.03 CrPaid-up capital
- 19Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Samvreeddhi Mobility Private Limited are on its company page.
Detailed financial statements for LETZRYD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of LETZRYD
3 dated milestones of LETZRYD across 3 years, from founding to its latest funding, stage changes and deals.
- Founded LETZRYD is founded.
- Funding First funding round of $108K.
- Funding Latest funding round, Series A, of $4.0M.
Competitors of LETZRYD
LETZRYD has 3 listed competitors in our database, 3 of them funded. They include Savaari, Meru and TaxiForSure.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| savaari.com | 2006 | Bengaluru, India | $5.93M | 192 | App-based intercity ride-hailing aggregator | |
| meru.in | 2007 | Mumbai, India | $135.07M | 23 | Ride-hailing services are facilitated via an app-based platform. | |
| taxiforsure.com | 2011 | Bengaluru, India | $45.21M | Car rental aggregator |
Detailed competitors of LETZRYD
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Road Transport Tech
3 companies that operate in the same segment as LETZRYD (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 798.05 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Related news about Letzryd
Complete news archive for LETZRYD
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Frequently Asked Questions about LETZRYD
LETZRYD was founded in 2023 and raised its 1st funding round 1 year after it was founded.
LETZRYD is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
LETZRYD is a funded company, having raised a total of $5.11M across 3 funding rounds to date. The company's 1st funding round was a Seed of $107.75K, raised on Jun 2024.
The primary company behind LETZRYD, Samvreeddhi Mobility Private Limited, reported revenue of ₹11.5 Lakh for FY 2024.
LETZRYD was founded in 2023 in Bengaluru, India, as an online ride-hailing platform in the transportation sector. Rides are booked by users through the service, where location, personal details, payment information, and preferred dates are provided. Operations focus on facilitating seamless connections between riders and drivers within urban areas, with the domain letzryd.com serving as the primary access point.
LETZRYD's top competitors include Savaari, TaxiForSure and Meru.
LETZRYD offers Ride-Hailing App, Driver Partnership Program, and Investor Opportunities.
LETZRYD has 3 investors. Key investors include UNLEASH Capital Partners, 15th Rock, and Sanjay Kumar Agarwal.
LETZRYD operates through Samvreeddhi Mobility Private Limited.
The legal entities of LETZRYD currently have 3 directors, including Gourawaram Sarvagna, Tarun Jain, Kushagra Dokania.