Logistics start up LetsTransport on Monday raised ₹10 crore from Stride Ventures, a leading venture debt fund.

The start-up will use the funds to scale up their operations and network so as to help streamline urban logistics for enterprises in the current times. Stride will be a strategic partner in LetsTransport’s journey with their customized offerings and relationships across banks and corporates.

“LetsTransport is driven to convert this pandemic into an opportunity by maximizing the conversion of the unorganized sector into an organized one. We are happy to get an opportunity to partner with Stride Ventures and leverage their prior experience in asset financing segment that will help us to further scale our business” said Pushkar Singh, co-founder and CEO, LetsTransport.