Bengaluru: Bengaluru-based last mile logistics solution provider, LetsTransport raises $1.3 million in a funding round led by Japanese venture capital firm, Rebright Partners. The round of funding also witnessed participation from entrepreneurs, including Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra. The new fund will be utilized in order to boost up technological infrastructure, building up the team and enlarge its reach into new cities.
Incorporated in 2015 by three IITians – Pushkar Singh, Sudarshan Rav and Ankit Parasher – techno logistics startup LetsTransport offers last mile logistical solutions to its clients. The company solutions are reliable, economical as transparent pricing, professional and well structures in order to serve businesses as well as consumers. Currently operates its service in Bengaluru, the firm claims to have more than 100 vehicles and crossed over 3000 trips in the last month.
On the other hand, expanding its reach, the company had acquired Bengaluru-based logistics startup, Shifter a month back. In addition to this development, it is also actively looking forward to raise funds in order to advance its product development and extend wings in multiple cities including Chennai.