LetsTransport, a Bengaluru-based intra city logistics firm that aggregates light commercial vehicles for urban logistics, announced that it has received an investment of Rs 13 crore from InnoVen Capital, according to YourStory report.
Ashish Sharma, CEO of InnoVen Capital India said in a statement: “We continue to be bullish on the logistics space and expect that organised players will continue to gain share on the back of higher efficiencies and superior service delivery. LetsTransport has built a fantastic business in a rather capital efficient manner and we are excited to be part of their growth journey.”
Co-founder and CEO Pushkar Singh says: “We continue to scale up our network and improve our capabilities as we help streamline urban transportation for enterprises, especially during these trying times when more and more businesses are partnering with organised logistics players to enable direct to consumer deliveries. We are happy to partner with InnoVen in this journey and look forward to a long relationship.”
LetsTransport was founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher. It is a last-mile tech-logistics solution provider for intra-state deliveries. The company offers reliable, affordable, and professional services, structured to serve enterprises. LetsTransport aggregates light commercial vehicles for urban logistics and claims that it has onboarded 55,000+ truckers on its platform across 14 cities.
LetsTransport works across sectors including organised retail, FMCG and ecommerce, distribution, and 3PL companies. Some of its clients include Amazon, Flipkart, Bisleri, Vishal Mega Mart, Future Supply Chain, Coca-Cola, Delhivery, and Udaan.
Additionally, the company offers value-added services including screened drivers, audited and GPS-enabled vehicles, point-to-point billing, status updates, and round-the-clock services and greater efficiency in an economical pricing model.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.