Bertelsmann Acquires Majority Stake in LetsTransport
•February 10, 2026
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Companies Mentioned
Why It Matters
The investment gives Bertelsmann a foothold in India’s fast‑growing logistics sector and positions LTG to scale beyond a marketplace, potentially reshaping freight services for large corporates. It also demonstrates the rising interest of global private‑equity firms in Indian supply‑chain tech startups.
Key Takeaways
- •Bertelsmann now holds 80% of LetsTransport
- •LetsTransport rebranded as LetsTransport Group (LTG)
- •BNI will fund and govern LTG expansion
- •Collaboration planned with Shiprocket for trucking services
- •LTG aims to broaden services beyond marketplace
Pulse Analysis
Bertelsmann’s strategic entry into India’s logistics arena reflects a broader shift among global investors toward high‑growth, technology‑enabled supply‑chain platforms. The country’s freight market, valued at over $150 billion, is fragmented and ripe for digitisation. By securing a controlling stake in LetsTransport, Bertelsmann not only taps into an existing network of 100 corporate clients but also leverages its $500 million fund to accelerate consolidation and innovation across the sector.
The rebranded LetsTransport Group will evolve from a pure trucking marketplace into an end‑to‑end logistics solution, targeting enterprise and mid‑market customers with services such as part‑truck‑load, warehousing, and intra‑city freight. Partnerships with fellow Bertelsmann portfolio company Shiprocket will deepen LTG’s capabilities, allowing seamless integration of last‑mile delivery and mid‑mile trucking. This ecosystem approach mirrors successful models in Europe and North America, where platform‑centric logistics firms achieve scale through data‑driven routing, dynamic pricing, and ancillary service bundles.
Looking ahead, Bertelsmann Next India (BNI) will act as both capital backer and governance partner, guiding LTG’s organic growth and potential bolt‑on acquisitions. The initiative underscores a commitment to building majority‑owned, founder‑led businesses that can compete with domestic giants and multinational entrants. For the Indian logistics market, this could mean faster adoption of digital tools, improved asset utilisation, and heightened competition, ultimately driving down costs for shippers and enhancing service reliability across the supply chain.
Bertelsmann acquires majority stake in LetsTransport
Bertelsmann Investments has acquired an 80% majority stake in trucking aggregator LetsTransport for an undisclosed amount. It has also launched Bertelsmann Next India (BNI)
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Bertelsmann Investments has acquired 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 scale majority‑owned, founder‑led businesses in the country.
As part of the transaction, LetsTransport will be renamed LetsTransport Group (LTG). The founders will continue to lead day‑to‑day operations as the company expands its offerings beyond a trucking marketplace into a broader, technology‑led logistics platform serving enterprise and mid‑market customers.
BNI will be headed by Pankaj Makkar, managing director of Bertelsmann India Investments, who will also serve as chairman of LTG’s board. The platform will provide long‑term capital, governance support, and access to Bertelsmann’s global network. Over the coming years, BNI plans to add complementary businesses and products within the LTG ecosystem through organic expansion and acquisitions.
LetsTransport Group will also explore collaboration opportunities with other Bertelsmann portfolio companies, including Shiprocket. LTG has entered into an operating agreement to support Shiprocket’s intra‑city and mid‑mile trucking requirements, while Shiprocket will help LTG expand its part‑truckload and warehousing offerings.
Bertelsmann India Investments will continue to operate independently as a sector‑agnostic, early‑growth‑stage venture capital fund and will deploy capital from its recently raised $500 million fund.
Founded in 2015, LetsTransport connects truck drivers and small fleet operators with businesses across India and serves over 100 corporate clients through its digital logistics platform. Before the acquisition, the company had raised a total of $77 million in funding, including $22 million in a Series E round in April 2024 led by Bertelsmann India Investments, and $25 million raised in July 2023.
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