# LetsTransport

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/letstransport

- Industry: Logistics & Distribution
- Headquarters: Bangalore, India
- Website: www.letstransport.in
- Total disclosed funding: $71M
- Latest round: Series E (Dec 10, 2024)
- Investors on record: 16

## 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.

## Funding rounds

- Series E, Dec 10, 2024, $1.1M — Rebright Partners, NB Ventures
- Series E, May 29, 2024, $8.3M — Bertelsmann India Investments, CAC CAPITAL, ALES Global
- Series D, Jul 18, 2023, $14M — Bertelsmann India Investments
- Series C, Dec 29, 2021, $13M — Mitsui Sumitomo Insurance Venture Capital, Rebright Partners, Bertelsmann India Investments, ALES Global
- Series B, Dec 22, 2020, $7.6M — Mitsui Sumitomo Insurance Venture Capital, DS Group, Rebright Partners, Bertelsmann India Investments, ALES Global, S R Foundation, Dharampal Satyapal Limited
- Series B, Dec 24, 2018, $8.9M — Fosun International, Bertelsmann India Investments, SMBC Trust Bank
- Series B, Oct 11, 2018, $12M — Fosun RZ Capital
- Series B, Jan 12, 2018, $0.8M — Mitsui Sumitomo Insurance Venture Capital, Sasaki Foods Co.,Ltd.
- Series B, Dec 6, 2017, $1.5M — CBC Capital, Flex Ltd.
- Series A, Aug 17, 2017, $0.8M — NB Ventures
- Series A, Apr 10, 2017, $0.5M — GMO VenturePartners
- Seed, Feb 15, 2017, $0.3M — Rebright Partners
- Series A, Dec 5, 2016, $1.2M — GMO VenturePartners, NB Ventures
- Seed, Sep 24, 2016, $0M — Rebright Partners
- Seed, Sep 26, 2015, $1.2M — Rebright Partners

## Investors

- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Seed, Series B, Series C, Series E
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series A
- NB Ventures (https://capitalatlas.ai/funds/nb-ventures) — Series A, Series E
- CBC Capital (https://capitalatlas.ai/funds/cbc-capital) — Series B
- Flex Ltd. — Series B
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series B, Series C
- Sasaki Foods Co.,Ltd. — Series B
- Fosun RZ Capital (https://capitalatlas.ai/funds/fosun-rz-capital) — Series B
- Fosun International (https://capitalatlas.ai/funds/fosun-international) — Series B
- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series B, Series C, Series D, Series E
- SMBC Trust Bank — Series B
- DS Group — Series B
- ALES Global (https://capitalatlas.ai/funds/ales-global) — Series B, Series C, Series E
- S R Foundation — Series B
- Dharampal Satyapal Limited — Series B
- CAC CAPITAL (https://capitalatlas.ai/funds/cac-capital) — Series E