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Trucking Aggregator LetsTransport To Raise Rs. 112 Cr ($13.5 Mn) From Bertelsmann

Inc42 · 11m

Bengaluru-based last-mile tech-logistics startup LetsTransport is raising $13.5 million in a combination of equity and debt funding from existing investor Bertelsmann. The funding round includes $7.6 million through compulsorily convertible shares and the remaining amount in the form of debentures. Bertelsmann will hold around 44.7% stake in the startup following this funding round. LetsTransport provides intra-state delivery solutions and serves over 200 enterprises including Flipkart, CocaCola, and Amazon. The company has raised a total funding of $65 million till date and is backed by investors like Fosun International and Stride Ventures.