The trucking services platform has completed a $14.3m round that was co-led by Fosun and Bertelsmann India Investments while Mitsui Sumitomo Insurance also invested.
Diversified conglomerate Fosun and Bertelsmann India Investments, a subsidiary of media group Bertelsmann, have co-led a Rs 1bn ($14.3m) funding round for India-based last-mile delivery service LetsTransport, TechCircle has reported.
The round, which has closed, included a third corporate, insurance firm Mitsui Sumitomo Insurance, which participated through strategic investment vehicle Mitsui Sumitomo Insurance Venture Capital, according to a person familiar with the development.
LetsTransport offers delivery services through a network of trucking partners, allowing customers to book vehicles regularly each…
