Exclusive: Trucking Aggregator LetsTransport To Raise $13.5 Mn From Bertelsmann
India, April 20 -- Trucking aggregator LetsTransport is raising $13.5 Mn (about INR 113 Cr) in a mix of equity and debt from its existing investor Bertelsmann.
LetsTransport is raising $7.6 Mn (about INR INR 63.5 Cr) via compulsorily convertible shares, while the remaining amount is being raised in the form of debentures, the startup's regulatory filings showed.
As per the filing, Bertelsmann will hold around 44.7% stake in the startup post this funding round
It is pertinent to note that LetsTransport also raised a debt of $4.7 Mn (about INR 40 Cr) from Alteria Capital and InnoVen Capital in March, the filings showed.
A query mail sent to LetsTransport on the funding round didn't elicit any response till the time of publishing this st...
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