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LetsTransport raises Rs 100 Cr in Series B round from Bertelsmann, Fosun

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19.12.2018

LetsTransport will use the funds raised to enhance technology, product development and expand its client base.

Intracity B2B logistics platform LetsTransport raised an additional $3 million as part of its Series B found from Bertelsmann India Advisors and Fosun International. With this fund raising, the company confirmed it had raised a total of Rs 100 crore ($15 million) in its Series B funding round. It had raised $12 million in the first tranche of the round in October.

The funds raised will be utilised to invest in the product and for technological expansion. They will also be used to integrate technology to lock in top clients and for scaling up the company’s operations.

LetsTransport had raised Rs 27 crore in Series A funding led by Japan's payment gateway company GMO in 2017, and a seed round of Rs 8 crore from Singapore-based Rebright Partners and others in August........

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