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LetsTransport

Bangalore Founded 2015 letstransport.in ↗
Pushkar Singh · Co-Founder & CEO Sudarshan Ravi · Co-Founder Ankit Parasher · Co-Founder Prateek Pujari · Co-Founder & COO
$71.8 MnTotal funding (tracked)
6Funding rounds
24 Apr 2024Last round

LetsTransport: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Professional, economical, structured logistics

LetsTransport's homepage describes its core offering as professional, economical and structured logistics solutions for both businesses and individual customers.

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Disrupting the urban-logistics industry with technology

The company positions itself as aiming to disrupt the large, traditionally unorganized urban-logistics market using technology so enterprises can reach consumers faster.

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Customer Segments

Enterprise clients across retail, FMCG, e-commerce, 3PL

LetsTransport's press kit names Amazon, Flipkart, Bisleri, Vishal Mega Mart, Future Supply Chain, Coca-Cola, Delhivery and Udaan as clients, across organized retail, FMCG, e-commerce, distribution and 3PL sectors.

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Businesses and individual customers

The company's own homepage states its logistics solutions serve both businesses and individual customers.

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Customer Relationships

Consolidated single-vendor logistics management

LetsTransport's enterprise offering is positioned as a one-stop solution for on-demand bookings across first-mile, mid-mile, last-mile and cold-chain needs, so customers avoid managing multiple transport vendors.

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Direct phone and email support

Customers can reach LetsTransport directly through a dedicated support phone line and email address listed on the company's support page.

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Self-service shipment tracking

The support page offers a self-service package-tracking tool so customers can check shipment status without contacting an agent.

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End-to-end managed delivery service

Alongside self-service options, LetsTransport lists Managed Services as a service line providing end-to-end management of the delivery process for clients with more complex needs.

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Channels

Network of registered truck drivers/fleet partners

The platform aggregates a large network of independent truck drivers and fleet operators — the homepage cites 55,000+ truck drivers as of its current listing.

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Digital marketplace platform

Bertelsmann's press release describes LetsTransport as a platform connecting independent truckers, small freight forwarders and corporate customers.

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Key Activities

First-mile, mid-mile and last-mile freight movement

LetsTransport's homepage lists its service lines: seller pickups (first-mile); mother warehouse to FC/SC, inter-store movements, warehouse to DC and upcountry movements (mid-mile); and DC to customer / store to retailer movements (last-mile).

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Key Resources

Network of 35,000+ registered trucks/LCVs35,000+ LCVs on platform

LetsTransport's core operating resource is a large network of onboarded light commercial vehicles rather than a company-owned fleet; its press kit and enterprise page both cite 35,000+ registered vehicles on the platform.

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Early institutional funding (Seed-Series B)$14M Series B

The company built its early capital base through a 2015 seed round from Rebright Partners, a 2016 Series A led by NB Ventures and GMO Ventures, and a Series B led by Fosun RZ Capital and Bertelsmann India Investments.

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$77M+ total funding raised pre-acquisition$77M total raised

Across all rounds including a July 2023 raise and an April 2024 Series E, LetsTransport had raised a combined $77 million by the time Bertelsmann Investments acquired majority control in 2026, underpinning its network and technology build-out.

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Key Partnerships

Strategic collaboration with Shiprocket

As part of Bertelsmann's buy-and-build platform, LetsTransport Group entered an operating agreement with fellow portfolio company Shiprocket: LTG supports Shiprocket's intra-city and mid-mile trucking needs, while Shiprocket helps LTG expand its part-truckload and warehousing offerings.

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Bertelsmann Investments as active strategic partner

Beyond capital, Bertelsmann Investments took an operating role after its 2026 majority acquisition -- its managing director Pankaj Makkar became chairman of LetsTransport Group's board while the founders retained operational leadership.

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Revenue Streams

Usage-based logistics pricing (per packet/tonne/unit)

LetsTransport bills according to shipment specifics rather than a flat rate -- its own site states solutions are customized to per-packet, per-tonne or per-unit shipped.

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Logistics services -- sole revenue sourceRs 403.37 Cr revenue in FY22 (+94.8% YoY)

Regulatory-filing-based reporting shows income from logistics services is LetsTransport's only revenue stream; it grew 94.8% to Rs 403.37 crore in FY22 from Rs 207.08 crore in FY21.

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Cost Structure

Transportation costs -- largest expense line78.2% of total costs (FY22)

Vehicle-related and delivery-personnel costs are LetsTransport's single largest cost category, per FY22 regulatory filings as reported by Entrackr.

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Employee benefit expensesRs 55.89 Cr in FY22 (+22.5% YoY)

Employee benefit expenses were the company's next major cost line, growing 22.5% year-on-year in FY22.

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Technology and legal costs (minor lines)Rs 1.85 Cr tech + Rs 3.02 Cr legal (FY22)

Website hosting/software licenses and legal professional charges were much smaller cost lines by comparison, at roughly Rs 1.85 crore and Rs 3.02 crore respectively in FY22.

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FAQs on LetsTransport

What is LetsTransport's business model?

LetsTransport's core value proposition centers on Professional, economical, structured logistics, Disrupting the urban-logistics industry with technology.

How does LetsTransport make money?

LetsTransport's cited revenue streams include Usage-based logistics pricing (per packet/tonne/unit), Logistics services -- sole revenue source.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: letstransport.in www.bertelsmann.com · Last verified 24 Aug 2026. · Report a correction