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
S&R Associates acted on behalf of
The Trilegal team acted on behalf of an unnamed Japanese-origin investor, led by
Wadhwa Law Offices acted on behalf of
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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