LetsTransport Revenue and Competitors

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Bangalore, India

Location

N/A

Total Funding

Logistics

Industry

Estimated Revenue & Valuation

  • LetsTransport's estimated annual revenue is currently $116.9M per year.(i)
  • LetsTransport's estimated revenue per employee is $190,625

Employee Data

  • LetsTransport has 613 Employees.(i)
  • LetsTransport grew their employee count by 28% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$85.1M0N/A$125.3MN/A
#2
$59.3M31151%$3MN/A
#3
$15.1M9921%N/AN/A
#4
$9.1M66-1%N/AN/A
#5
$159.1M74553%N/AN/A
#6
$194.9M91353%N/AN/A
#7
$9.5M6915%N/AN/A
#8
$38.6M23050%$8MN/A
#9
$16.3M1075%N/AN/A
#10
$29.2M1749%N/AN/A

LetsTransport was founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher. It is a series-B funded, last-mile tech-logistics solution provider for intra-city deliveries based in Bangalore. It offers reliable, affordable, and professional services, structured to serve enterprises. LetsTransport aggregates light commercial vehicles for urban logistics and have onboarded 35,000+ truckers on its platform. LetsTransport works across industry sectors like organized retail, FMCG and e-commerce, distribution and 3PL companies. Some of its clients include Amazon, Flipkart, Bisleri, Vishal Mega Mart, Future Supply Chain, Coca-Cola, Delhivery, and Udaan. The company offers customized logistics solutions for clients, along with other value-added services such as screened drivers, audited and GPS-enabled vehicles, point-to-point billing, status updates, 24x7 service, and greater efficiency, all at transparent and economical pricing. LetsTransport, as a brand, is known as one of the market leaders in the enterprise segment, and first movers to identify and empathize with the underserved urban trucker community, playing a huge role in making them a part of the mainstream economy. This series-B funded tech-logistics company aims to disrupt the primitive $30bn+ urban-logistics industry by leveraging technology and help enterprises to reach consumers faster. With a growth of over 10% month on month LetsTransport is India's largest enterprise urban-logistics provider in India, with 35,000+ Light Commercial Vehicles on its platform. LetsTransport raised US$3 million in Series A funding led by Dubai-based NB Ventures and Japan-based GMO Ventures in 2016, and a seed round of US$1.3 million from Singapore-based Rebright Partners and others in 2015. The company recently raised US$14 million as part of its Series B round led by Fosun RZ Capital and Bertelsmann India Investments.

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Total Funding

613

Number of Employees

$116.9M

Revenue (est)

28%

Employee Growth %

N/A

Valuation

N/A

Accelerator

LetsTransport News

2022-03-22 - India dominates Y Combinator’s latest startup batch (again)

... Ankit Parasher, an IIT Kharagpur graduate and a former co-founder of logistics platform LetsTransport, founded SALT.

2020-12-28 - Exclusive: LetsTransport Bags Series B Funding From Bertelsmann, Mitsui Sumitomo, Others

Bengaluru-based tech-logistics solution provider LetsTransport has raised over INR 55 Cr in Series B funding from at least 11 investors. According to the company’s filings with the Ministry of Corporate Affairs (MCA), LetsTransport has raised INR 55.87 Cr by allotting Series B1 Cumulative, Comp ...

2020-11-04 - Fosun-backed LetsTransport raises $7.5 mn in extended Series B funding

Diptab Ventures Pvt. Ltd, which operates the last-mile intra-city logistics marketplace LetsTransport, has raised Rs 56 crore (about $7.5 million) in an apparent extension of its Series B funding round, according to a report. Bengaluru-based LetsTransport raised this capital from investors incl ...

2020-06-02 - ₹10 crore from Blacksoil" data-reg="Logistics solutions provider LetsTransport raises ₹10 crore from Blacksoil">Logistics solutions provider LetsTransport raises ₹10 crore from Blacksoil

LetsTransport co-founders (from left) Sudarshan Ravi, Pushkar Singh and Ankit Parasher. ₹10 crore from Blacksoil" data-reg="Logistics solutions provider LetsTransport raises ₹10 crore from Blacksoil">Logistics solutions provider LetsTransport raises ₹10 crore from Blacksoil 1 min read . Updated: ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$55.6M614N/AN/A
#2
$50.1M61714%N/A
#3
$7.5M61840%N/A
#4
$104.6M62030%N/A
#5
N/A62343%N/A