LetsTransport
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LetsTransport - overview
Established
2015
Location
Bangalore, Karnataka, India
Primary Industry
Logistics & Distribution
About
Founded in 2015 and based in Karnataka, India, Diptab Ventures Private Limited, trading under the name LetsTransport, operates as a provider of trucking and transportation services for individuals, small and medium-sized businesses, e-commerce, and retail industries, to streamline intra-city logistics. Some of the firm's clients include Amazon, Flipkart, ASC, Godrej, Coca Cola, etc. In April 2024, Diptab Ventures Private Limited raised USD 22 million in series E funding led by investor Bertelsmann India Investments with participation from other investors Rebright Partners, NB Ventures, ALES Global, and Stride Ventures. The firm, as of July 2024, is led by its co-founders, Pushkar Singh (CEO) and Sudarshan Ravi (CPO).
LetsTransport offers a range of solutions spanning first-mile, mid-mile, and last-mile deliveries, ensuring seamless transportation across various stages of the supply chain. The firm, as of July 2024, has a fleet of over 55,000 trucks and serves more than 200 enterprises, in major cities like Bangalore, Delhi, Chennai, Hyderabad, Vijayawada, Lucknow, Mumbai, etc. , and has moved over 15 million tonnes of goods across India. The company also offers a web and mobile application.
The company's revenue growth has been propelled by its pricing models tailored per packet, per tonne, or per unit shipped, along with managed services that ensure end-to-end delivery management. The company plans to utilize the April 2024 funding to expand its market and enhance its logistics service.
Current Investors
GMO VenturePartners, NB Ventures, CBC Capital
Primary Industry
Logistics & Distribution
Sub Industries
Trucking, Web Applications, Logistics Software
Website
www.letstransport.in
Verticals
Mobile Apps
Company Stage
Series E
Total Amount Raised
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