Logistics solutions provider LetsTransport raises INR 10 Crores from Blacksoil

Blacksoil Capital, India’s leading venture fund invested INR 10 crores in LetsTransport, one of India’s leading aggregators for fulfilling intra-city last-mile deliveries. Blacksoil Capital had earlier invested INR 10 crores in LetsTransport in November 2018. The recent investment by Blacksoil boosts investors’ confidence in the logistics sector during these troubled times.

LetsTransport provides urban logistics solutions to enterprises by offering tech-enabled intra-regional transportation services. It enables enterprise clients to book trucks and manage bookings through their mobile app, call and website. This tech-enabled urban logistics player deals in the light commercial vehicle segment, distance range up to 300 Kms, present in 15 cities in India with a solid client base consisting of marquee names and a registered trucker supply of 60,000+ drivers. The company primarily provides logistics solutions across various industry verticals and Its competitive advantage lies in its ability to cross utilize for higher capacity, increased asset sweating and an efficient cost structure.

We are excited to continue supportingthe LetsTransport team on their journey to growth Ankur Bansal Co Founder and Director Blacksoil shared

“LetsTransport has the leadership and operational expertise with the undivided focus needed to scale a logistics business. We are very much confident and believe that tech will help in transforming the majority of the present logistics scenario. Covid-19 pandemic has shaken the world and no industry is immune to it. Only those industries will survive that are able to transform themselves into an organized and tech-enabled industry and intra-city logistics is one such space. We are excited to continue supportingthe LetsTransport team on their journey to growth” Ankur Bansal, Co-Founder and Director, Blacksoil shared.

Pushkar Singh, Co-founder & CEO, LetsTransport, added, “We are continuously scaling our network and improving our capabilities to help streamline urban logistics for enterprises in these trying times when enterprise businesses are increasingly looking to partner with organized logistics players to enable direct to consumer deliveries. We are working hard to convert this pandemic into an opportunity by maximizing the conversion of the unorganized sector into an organised one. We are happy to grow our relationship with Blacksoil in this journey”