Participated · Series E · Apr 2024

LetsTransport offers a plug-and-play platform that supplies clients with a variety of trucking assets for last-mile, mid-mile and EV deliveries, while promising higher earnings for truckers and reliable delivery for brands. The company says its client roster includes over 200 blue-chip companies across sectors and more than 200,000 registered truckers operating in 25 cities. LetsTransport is introducing ancillary products for truckers and plans to grow adjacent business verticals and increase market presence. Management stated the business is already profitable at the city EBITDA level and expects to be profitable after taxes by 2025. Financially, LetsTransport reported roughly 4x growth between FY21 and FY23, with operating revenue up 98% to Rs 403 crore in FY22 from Rs 207 crore in FY21; losses rose from Rs 55 crore in FY21 to Rs 73 crore in FY22. The company faces competition from Rivigo, BlackBuck and Delhivery. LetsTransport is a logistics startup. The company announced it has raised $25 million in a Series D funding round. The Series D was led by Bertelsmann India Investments (BII). BII is the venture capital arm of the German media firm Bertelsmann SE & Co. KGaA. The company announced the funding on Friday. Founded in 2015 by IIT Kharagpur graduates Pushkar Singh, Sudarshan Ravi and Ankit Parasher, LetsTransport pairs companies with trucks to manage last-mile distribution and offers a suite of fleet-management modules, including intelligent routing. The service aims to boost truck operator utilization and speed, with operating partners typically seeing about 40% efficiency improvements and customers realizing roughly 30% reductions in distribution cost. The platform operates in seven Indian cities and has been used by customers including Coca-Cola, Amazon, Metro Cash & Carry and Big Bazaar; some 20,000 truckers have carried out jobs on its platform to date. Beyond marketplace matching and routing, LetsTransport provides truckers services such as insurance, after-sale care and maintenance. The company plans to use new capital to expand into 20 new tier-two Indian cities and is exploring international opportunities in Southeast Asia and Africa, initially by testing specific product modules in new markets. The founders emphasize the large, inefficient logistics market in India as the opportunity for continued digitization and growth. LetsTransport (operated by Diptab Ventures Pvt. Ltd) provides tech-enabled intra-city logistics services for both B2B and B2C customers, serving clients in the food, retail and distribution sectors. The company operates in seven cities: Bengaluru, Delhi, Chennai, Mumbai, Hyderabad, Vijayawada and Tiruchirapalli, and plans to expand to 11 cities, including tier 1 and 2 cities, by the end of the calendar year. The startup was founded in April 2015 by IIT Kharagpur graduates Pushkar Singh, Sudarshan Ravi and Ankit Parasher. It acquired Shifter, a similar mini-truck connection venture, in June 2014. LetsTransport says it will use the newly raised funds to build technology and expand the team. The company has previously raised $1.3 million in August 2015 in a round led by Rebright Partners. LetsTransport builds a last-mile logistics platform that enables online booking and transparent pricing for businesses and consumers. The company is developing its technology to match the right trucks to industry-specific needs (for example construction vs. catering). LetsTransport currently handles over 3,000 transactions per month and operates a 100-vehicle fleet. The startup recently expanded its B2B and B2C customer base by acquiring Shifter. New funding will be used to build technology infrastructure, hire more people, and focus on expanding throughout India. The founding team includes CEO Pushkar Singh, former J.P. Morgan equity strategy analyst Sudarshan Ravi, and software engineer Ankit Parasher.

Participated · Series A · Apr 2024

ClaimBuddy is a health insurance claim assistance platform that simplifies the claims process by enabling cashless, hassle-free experiences for patients and hospitals. Founded in 2020 and based in Gurugram, the company says it has processed claims for over 35,000 patients valued at more than Rs 500 crore and has collaborations with 250+ partner hospitals across India. The startup addresses delays in discharge and reimbursement under the reimbursement mode and acts as a healthcare-financing and claim facilitation tool. It plans to use new funding to advance its technology, expand its team and sales network, and add new product lines for its growing hospital network. Management also intends to introduce innovative financial tools and scale operations to improve patient access to quality care. The company is backed by investors including Chiratae Ventures and Rebright Partners. ClaimBuddy is a healthtech startup that provides digital infrastructure to hospitals for patient health insurance claims. It acts as a one-stop solution for insurance claims processing by leveraging technology and strong operations, and offers tech and financing solutions to hospitals and doctors. The company says its offerings improve operational and financial efficiency by at least 30% while improving patient experience. ClaimBuddy has processed claims of more than 100 crores and is working with 120+ hospitals. Founded by IIM‑Bangalore alumni, the startup has witnessed 10x growth over the past year. It plans to use the $3M to strengthen its technology framework and increase sales and marketing efforts. ClaimBuddy, operated by Claimbuddy Technologies Pvt Ltd, provides a platform where medical claim specialists evaluate insurance to resolve queries and provide coverage assistance. The service targets pain points in the claims process for hospitals and patients, aiming to reduce delays, deductions, and rejections. The startup says it has processed claims worth over Rs 15 crore across more than 50 partner hospitals in Delhi‑NCR, Bengaluru, and Mumbai. ClaimBuddy highlights that over 90% of Indian hospitals are individually owned and often lack the technology and domain expertise to manage insurance efficiently. The company will use the capital from its seed round to expand across India and to enhance its technological infrastructure. It was set up by founders Khet Singh and Ajit Patel.

Participated · Series B · Dec 2023

LiveIn is Malaysia's leading long-stay provider that converts vacant buildings into fully furnished, long-stay rental homes via an Offline-to-Online (O2O) managed platform. The company targets students and young professionals by using second-tier locations and offering rents significantly below market rates to improve affordability for roughly 60 million young adults in Southeast Asia. LiveIn reports an average occupancy rate of 90% across Malaysia, Thailand and Vietnam and has over 20 buildings (about 2,000 rooms) in Thailand. Its Ho Chi Minh District 9 launch reached full occupancy within 40 days, and the company plans to onboard two more buildings this quarter. LiveIn provides furnished rooms, dedicated concierge services and community events, and intends to roll out new service features and strategic partnerships to reinforce growth. The company is expanding regionally, with plans to enter Indonesia in 2024, and has attracted a diverse set of global investors supporting its scaling efforts. LiveIn (formerly Hostel Hunting) operates a student accommodation rental and community platform focused on long-term leases for younger demographics. The service is active in Malaysia and Thailand. The company positions itself as a rental community targeting students and young renters. LiveIn emphasizes long-term rental offerings rather than short-term stays. Recently the company completed a new financing that supports its regional operations and growth plans. No operating metrics or revenue figures were disclosed in the article. HostelHunting.com is a Malaysia-based student accommodation marketplace. The company operates an online marketplace for student housing and hostels. It raised $500,000 in a seed round led by KK Fund. Incubate Fund and Cradle Fund also participated, with Cradle’s involvement via the CIP 500 grant programme (CIP 500). The article did not disclose revenue, user metrics, founding year, or previous financing rounds.