Indian logistics solution provider LetsTransport has bagged a funding of $12 million in Series B round led by Chinese venture capital firm Fosun RZ Capital.
With this funding, LetsTransport has the potential to head closer to its goal of allocating delivery to a network of aggregated trucks and enabling intra-city logistics for large enterprises.
The round also included participation from other Japanese investors. Fosun RZ Capital invested around $5 million in the startup.
LetsTransport has raised $6.8 million so far through seed, Series A, venture rounds. Two Japanese investors, Rebright Ventures and GMO, have been a part of previous rounds.