Germany's Bertelsmann acquires majority stake in Indian logistics firm LetsTransport

Bertelsmann Investments has bought an 80% majority stake in trucking aggregator LetsTransport for an undisclosed amount. It has also launched Bertelsmann Next India (BNI), a new platform to build and grow majority-owned, founder-led businesses in India.

As part of the deal, LetsTransport will be renamed LetsTransport Group (LTG). The founders will continue to manage daily operations as the company expands from a trucking marketplace into a larger, technology-driven logistics platform for enterprise and mid-sized customers.

BNI will be led by Pankaj Makkar, Managing Director of Bertelsmann India Investments, who will also be the Chairman of LTG’s board. The platform will offer long-term funding, governance support, and access to Bertelsmann’s global network.

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In the coming years, BNI plans to add related businesses and products to the LTG ecosystem through expansion and acquisitions.

LetsTransport Group will also look for collaboration opportunities with other Bertelsmann portfolio companies, including Shiprocket. LTG has signed an agreement to support Shiprocket’s intra-city and mid-mile trucking needs, while Shiprocket will help LTG grow its part-truckload and warehousing services.

Bertelsmann India Investments will continue to operate independently as an early-growth-stage venture capital fund across sectors. It will invest using its recently raised $500 million fund.

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Carsten Coesfeld, CEO, Bertelsmann Investments, said, “India has been a standout growth market for us, powered by exceptional founders and ambitious companies. With Bertelsmann Next India, we’re deepening that commitment—partnering for scale with patient capital and global know-how while keeping founders in the driver’s seat. LetsTransport Group is a flagship for this approach: a strong team building a category- leading logistics business for the long term.”

Pankaj Makkar, Managing Director, Bertelsmann India Investments, said, “BNI combines Bertelsmann Group’s strengths with founder-led autonomy to build durable operating businesses in India. While BII continues to back stellar startups as a sector-agnostic, early-growth VC fund, BNI will partner with founders at majority ownership to compound value over decades without the efforts to raise capital every year. LTG is the first chapter in that story—a platform we aim to grow into a national logistics leader.”

Pushkar Singh, Co-founder & CEO, LetsTransport, said, “BNI is designed for builders. It gives founders the space to operate independently while backing them with patient capital and a shared long-term vision through a globally successful BNI platform. That kind of partnership lets us think bigger and build deeper—giving us the flexibility to scale both organically and inorganically as we grow LetsTransport into a national logistics leader, expand our offerings, and serve our customers better—while remaining deeply involved in shaping how the company evolves.”

Founded in 2015, LetsTransport connects truck drivers and small fleet owners with businesses across India. It serves more than 100 corporate clients through its digital logistics platform.

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