Logistics Disruption Achieved: LetsTransport Secures $22 Million in Series-B Funding Round

LetsTransport, the pioneering last-mile tech-logistics solution provider based in Bangalore, has successfully raised $22 million in a recent funding round, bringing its total funding to $25 million. Founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, LetsTransport is revolutionizing urban logistics by offering customized, reliable, and cost-effective delivery solutions for enterprises across various sectors. With over 100,000 truckers onboarded and operations spanning more than 20 cities, the company has established itself as a market leader in the enterprise segment, catering to high-profile clients such as Amazon, Flipkart, and Coca-Cola. The newly acquired funding will be pivotal in expanding LetsTransport’s technology-driven logistics solutions and enhancing its service offerings, including GPS-enabled vehicles and 24x7 customer support. By leveraging this funding, LetsTransport plans to further its mission of disrupting the $35 billion urban logistics industry while empowering the underserved trucker community by integrating them into the mainstream economy. Known for its efficient and transparent pricing strategies, LetsTransport is committed to providing its clients with value-added services, thereby ensuring seamless delivery experiences. As a first mover in recognizing the potential of urban logistics, LetsTransport is poised for exponential growth, solidifying its position as India’s largest enterprise urban logistics provider. With the support of leading investors like Fosun RZ Capital and Bertelsmann India Investments, LetsTransport aims to accelerate its innovations and improve intra-state deliveries, ultimately revolutionizing the way goods are transported in urban landscapes.