Rebright backs Indian logistics firm LetsTransport

The Bangalore-based start-up will use the funds to add to its team, improve its technological infrastructure and expand into other cities. Earlier this year LetsTransport acquired Shifter, a similar platform for mini-truck drivers, for an undisclosed amount.

LetsTransport does not offer delivery services itself. Instead, it provides a platform for logistics providers to market their services to potential clients and to set up deliveries. The platform is open to businesses in the food, retail and distribution industries.

In a statement, Takeshi Ebihara, founder and general partner at Rebright, said, "We have explored similar markets in Southeast Asia and see immense potential in the on-demand logistics market in India."

LetsTransport is one of several Indian last-mile delivery start-ups to receive funding this year. In June, Sequoia Capital and Kae Capital led a $5.5 million Series A round for logistics marketplace Porter, while Warburg Pincus committed $120 million to last-mile delivery provider Ecom Express.

Rebright, based in Japan, is backed by a consortium of Japanese internet companies. Its Rebright Partners II fund, which launched in April with a target of $20 million, focuses on early stage technology investments in India. The firm has previously invested in big data start-up Tookitaki and new curation app News in Shorts.

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• Topics
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