New Delhi, Feb. 10 -- Bertelsmann Next, the mid-market and acquisition investment vehicle of Germany-based media, services and education conglomerate Bertelsmann announced its entry into India with the acquisition of logistics marketplace Let's Transport.

"In the US and Europe, where the startup ecosystem is mature, founders prefer to work with conglomerates, where they get substantial benefits. That maturity has now come to India," Pankaj Makkar, managing director of Bertelsmann India Investments (BII) told Mint. Makkar will be leading Bertelsmann Next India (BNI).

The Bertelsmann Next platform typically invests in companies across the mobile technology, HR tech and pharma tech. With BNI, the conglomerate will be more focused on mid-ma...