In line with its mission to providing a seamless and satisfying last mile experience to its customers while sustaining its central promise of convenience, LetsTransport, a last mile logistics solutions provider, announced today its expansion to Delhi NCR, Chennai & Trichy.
Letstransport is focused on building an efficient and reliable network in the intra city & regional logistics space. The team gathered market insights & experimented their model while bootstrapping till August ‘15. Post which they raised $1.3 MN Seed investment from Rebright Partners & founders of TravelBoutiqueOnline.
The company after raising funds has built strong technology platform & a great team. LetsTransport has grown 10 times since. They have build efficiencies using analytics into the system in a fashion which has enabled them to become profitable operationally in an extremely competitive market.
Speaking on the expansion, Pushkar Singh, Co-Founder and CEO, LetsTransport, said, “We aspired to achieve profitability before expansion. Based on our insights, we were able to create an efficient and a symbiotic profitable ecosystem. Once we had figured that out we set ourselves to expand into Delhi NCR and Chennai regions. Logistics is an industry which has over 900 small and medium distance corridors. We wanted to test our hypothesis on the potential of a tier 2 city, for which we ran a pilot in Trichy. We experienced an amazing response reiterating the potential of the sector not only in tier 1 but also in tier 2 cities. Owing to our value addition to the ecosystem, in a short span we have seen tremendous growth across the three cities. Our services will offer a compelling proposition to all businesses and consumers. We are confident on building a sustainable business in the $ 30 Billion market opportunity.”
Technology has always been a key focus area at LetsTransport and getting it right is crucial for any on-demand logistic player. The company provides both on-demand and customized attachment solutions for its clients along with value-added services. Its services include screened drivers, audited vehicles, transparent pricing and point-to-point billing.
The company also aims to further expand, in a phased manner in the existing markets of tier I and tier II cities in the next 12 months.