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Desai & D, S&R, Trilegal, Wadhwa raise $14m Series B for LetsTransport from Fosun, Bertelsmann

LetsTransport, a tech-enabled logistics marketplace for intra-city deliveries, has raised Rs 100 crore (around $13.5 million) in a fresh funding round jointly led by Chinese conglomerate Fosun RZ Capital and strategic investment firm Bertelsmann India Investments, as reported by VC Circle.

Desai & Diwanji advised Fosun RZ Capital led by a team consisting of partner Siddharth Mody, senior associate Rahul Deodhar and associate Ashutosh Merchant.

S&R Associates acted on behalf of Bertelsmann India Investments and was represented by partner Rachael Israel, and associates Akshaya Iyer and Apoorv Chaturvedi.

The Trilegal team acted on behalf of an unnamed Japanese-origin investor, led by partner Charandeep Kaur, senior associate Harshit Anand and counsel Clarence Anthony.

Wadhwa Law Offices acted on behalf of LetsTransport and its promoters and was represented by partner Deepayan Das, and associates Swasti Ray and Ishita Sharma, as well as managing partner Nitin Wadhwa and associate Rial Verma.

Founded in 2015 by Pushkar Singh, Sudarshan Ravi & Ankit Parasher, LetsTransport is a technology-enabled managed marketplace which operates on an asset-light model, based out of Bangalore. It partners with truck owners to cater within the city logistics requirements and has a clientele including Coca-Cola, Amazon, Metro Cash & Carry, Big Bazaar etc. As per the reports, the latest infusion of funds shall be used for strengthening technology, adding new industry verticals to lock in marquee clients and for scaling up the company’s operations.

2018-12-20

Deal value: Rs 100 crores

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