# LetzRyd

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

- Industry: Transportation Services
- Headquarters: Bangalore, India
- Website: www.letzryd.com
- Total disclosed funding: $4M
- Latest round: Series A (Mar 23, 2026)
- Investors on record: 3

## About

LetzRyd, based in India, is a mobility service provider focused on urban ride-hailing solutions, leveraging technology to ensure reliable and convenient transportation for commuters across major cities.LetzRyd operates in the urban mobility sector, providing ride-hailing services since its founding in 2023. The company is headquartered in Bangalore, India, and has successfully secured USD 1.00 mn in pre-Series A funding from UNLEASH Capital Partners. The founder's background is currently unspecified, and there are no references to changes in business operations or parent companies. LetzRyd has completed a total of 2 deals to date.LetzRyd is a prominent player in the urban mobility sector, offering a comprehensive ride-hailing service that operates through a diverse fleet of over 1,000 vehicles. The company focuses on providing seamless, reliable, and safe transportation solutions for daily commutes and special journeys across major cities in India, including Hyderabad, Bangalore, and Mumbai. End users of their service range from daily commuters seeking reliable travel options to businesses and individuals requiring transportation for special events. LetzRyd's service model is centered around leveraging technology to facilitate efficient ride bookings, ensuring that customers experience convenience and comfort. As the company plans to expand its operations into new markets such as Delhi and Chennai, it aims to enhance its service reach and improve urban mobility in additional regions.LetzRyd generates revenue through its ride-hailing services, primarily structured around transactions between drivers and passengers. Customers utilize the app to book rides, with payments processed after the completion of each journey, ensuring a direct-to-consumer business model. The company may implement pricing strategies that include fare calculations based on distance, time, and vehicle type, providing transparency and competitive rates to users. In addition, LetzRyd offers opportunities for drivers to become micro-entrepreneurs, allowing them to earn income while operating multiple vehicles under the LetzRyd brand. The financial backing from top industry partners bolsters the company’s operational stability and growth potential, supporting its ambitions to innovate within the urban mobility landscape.LetzRyd plans to utilize the USD 1.00 mn raised in pre-Series A funding to support its strategy for future growth, which includes expanding its ride-hailing services into new markets such as Delhi and Chennai within the next year. The company aims to enhance its service offerings and improve urban mobility solutions as it introduces new products designed to optimize the customer experience and facilitate efficient ride bookings.

## Funding rounds

- Series A, Mar 23, 2026, $4M — JIF Capital, 15th Rock, UNLEASH Capital Partners

## Investors

- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series A
- 15th Rock (https://capitalatlas.ai/funds/15th-rock) — Series A
- UNLEASH Capital Partners (https://capitalatlas.ai/funds/unleash-capital-partners) — Series A