German media and investment group Bertelsmann has taken a controlling stake in digital trucking marketplace LetsTransport, marking the start of a buy-and-build strategy focused on acquiring and expanding founder-run companies in India.The German investment firm has acquired an 80% stake in LetsTransport, which will be rebranded as LetsTransport Group, marking the first investment under its newly launched Bertelsmann Next India (BNI) platform. BNI will buy controlling stakes in companies and help run and expand them over the long term. While Bertelsmann India Investments the venture capital unit, which had lead multiple rounds in LetsTransport will continue to operate separately.The company said founders of LetsTransport, Pushkar Singh, Sudarshan Ravi Jha, and Ankit Parasher, will continue to lead operations as the business expands from a digital trucking marketplace into a technology-led logistics platform catering to enterprise and mid-market customers.Under the BNI structure, Bertelsmann plans to scale LetsTransport through both organic expansion and acquisitions of complementary businesses, aiming to build one of the country’s largest logistics platforms over time. BNI will also enable LetsTransport Group to leverage Bertelsmann’s global capabilities, including supply chain solutions provider Arvato, while exploring partnerships across its existing portfolio.Also ReadWealthy raises Rs 130 Cr from Bertelsmann India, Alphawave Global…  ​Read More​YourStory RSS Feed

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