Fosun RZ Capital supplied $5m for trucking services provider LetsTransport, which reportedly already counts GMO, Flex, CBC Group and Mitsui Sumitomo Insurance as backers.
India-based last-mile delivery service LetsTransport has received $12m in a round featuring Fosun RZ Capital, an investment subsidiary of diversified conglomerate Fosun International, Inc42 has reported.
Fosun RZ invested in $5m the round, which also featured two undisclosed Japan-based backers.
Founded in 2015, LetsTransport runs an online platform that enables users to book space in delivery trucks, guaranteeing capacity at any time. The platform has a transparent billing system and offers GPS tracking of any goods that are picked up.
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