LetsTransport
Founded Year
2015Stage
Series E | AliveTotal Raised
$82.56MLast Raised
$8.5M | 5 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-105 points in the past 30 days
About LetsTransport
LetsTransport operates as a logistics solution provider focused on last-mile delivery within the urban logistics sector. The company aggregates light commercial vehicles to offer logistics services, including customized solutions for intra-state deliveries. LetsTransport primarily serves enterprises in sectors such as organized retail, FMCG, e-commerce, distribution, and third-party logistics. It was founded in 2015 and is based in Bengaluru, India.
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LetsTransport's Products & Differentiators
Trucking service
We provide GPS enabled trucks across India with loading capacities ranging from 0-12 ton+
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Research containing LetsTransport
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned LetsTransport in 1 CB Insights research brief, most recently on Dec 2, 2021.
Expert Collections containing LetsTransport
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
LetsTransport is included in 3 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
5,068 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
On-Demand
1,244 items
E-Commerce
217 items
Latest LetsTransport News
Apr 27, 2024
In its Series E funding round, LetsTransport, a trucking aggregator for businesses, raised $22 million under the direction of Bertelsmann India Investments. Participating in the round were NB Ventures, CAC Capital, ALES Global, Stride Ventures, and Rebright Partners, among others. Last July, the company raised $25 million. With this new contribution, the total amount raised has reached $77 million. LetsTransport stated in a press release that it intends to reach profitability, grow adjacent business verticals, and increase its market presence after the most recent round. LetsTransport was founded by Pushkar Singh and offers a plug and play platform that enables it to provide its clients with a variety of assets for use cases in the last-mile, mid-mile, and EV spaces. The platform guarantees its truckers consistently higher earnings and dependable delivery for brands. Its clientele includes the vast majority of India’s blue-chip companies in all sectors. LetsTransport asserts that it has over 200 blue-chip clients and over 200,000 registered truckers spread across 25 cities. The company wants to disrupt and digitalize the $200 billion logistics market, which is currently very fragmented. To help truckers with their ancillary needs, LetsTransport is also introducing products. According to the company, it will be profitable after taxes by 2025 with this increase, as it is already profitable at the city EBITDA level. According to the company, between FY21 and FY23, it grew by about 4 times. The company reported a 98% increase in operating revenue to Rs 403 crore in FY22 from Rs 207 crore in FY21, even though its annual financial statements for FY23 have not yet been filed. From Rs 55 crore in FY21 to Rs 73 crore in FY22, the company’s losses increased by 32%. It encounters competition from brands like Rivigo, BlackBuck, and Delhivery.
LetsTransport Frequently Asked Questions (FAQ)
When was LetsTransport founded?
LetsTransport was founded in 2015.
Where is LetsTransport's headquarters?
LetsTransport's headquarters is located at Outer Ring Road, Bengaluru.
What is LetsTransport's latest funding round?
LetsTransport's latest funding round is Series E.
How much did LetsTransport raise?
LetsTransport raised a total of $82.56M.
Who are the investors of LetsTransport?
Investors of LetsTransport include Bertelsmann India Investments, Rebright Partners, Stride Ventures, NB Ventures, ALES Global and 19 more.
Who are LetsTransport's competitors?
Competitors of LetsTransport include Shadowfax, Blinkit, Delhivery, Convoy, Porter and 7 more.
What products does LetsTransport offer?
LetsTransport's products include Trucking service.
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Compare LetsTransport to Competitors
Shadowfax caters logistics platform that operates in the hyper-local, on-demand delivery sector. The company provides a range of services including delivery, retail deliveries, and e-commerce solutions such as forward and reverse shipments. It primarily serves sectors such as e-commerce, food, pharma, and groceries. It was founded in 2015 and is based in Bengaluru, India.
Zepto operates as a rapidly growing e-grocery company in the quick commerce sector. The company offers products including daily essentials, fresh fruits and vegetables, dairy, health and hygiene products, and more, all delivered to customers' doors. Zepto primarily serves the ecommerce industry, specifically in the grocery segment. Zepto was formerly known as KiranaKart. It was founded in 2021 and is based in Mumbai, India.
Locus delivers a dispatch management technology platform. The platform uses proprietary algorithms to offer logistics solutions like route optimization, real-time tracking, insights, analytics beat optimization, efficient warehouse management, vehicle allocation, and more. It also helps companies optimize their end-to-end supply chain network with strategic consulting. The platform was founded in 2015 and is based in Milpitas, California.
Shyplite is a logistics automation and fulfillment platform operating in the eCommerce industry. The company provides a single-window platform integrated with multiple carriers, enabling businesses to automate their logistics and increase shipping efficiency. It offers services such as multiple location pick up, early cash on delivery, automated insurance, and warehousing and fulfillment, among others. Primarily, Shyplite caters to the eCommerce industry. It was founded in 2016 and is based in New Delhi, India.
Opinio integrates hyperlocal delivery on a robust tech platform. The company operates in Bangalore, Delhi-NCR and Hyderabad. It delivers products in a radius of five to seven kilometers for small businesses such as restaurants, grocery stores, bakeries and laundry stores.
Zepo Technologies helps small businesses set up their own online stores. The startup claims that Zepo can help an SMB to open its online shop in a few minutes for under Rs 999 per month. It also provides them free payment gateway, logistics support and marketing. With 20 employees on board, Zepo has offices in Delhi and Bangalore.
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