LetsTransport Accelerates with $22 Million Funding Boost

LetsTransport, the truck aggregator startup, has secured a hefty $22 million in funding led by Bertelsmann India Investments. The co-founder and CEO, Pushkar Singh, revealed that the funds will fuel market expansion, business vertical scaling, and profitability goals. The platform, founded in 2015, connects businesses with truckers, offering transportation solutions across various sectors. With over 200,000 registered truckers and 200+ blue-chip clients in 25+ cities, LetsTransport aims to digitize truckers in tier 3 and tier 4 cities. The startup, currently profitable at the city EBITDA level, eyes profit after tax breakeven by 2025. Bertelsmann India Investments, a key investor since 2018, expressed confidence in LetsTransport's market potential. This funding injection marks another milestone in LetsTransport's journey towards revolutionizing the logistics ecosystem.