LetsTransport | Pixr8 News

28Feb By AdityaNo Comments

ACQUISITION

LetsTransport Acquihires Pixlcoders

LetsTransport, a tech-logistics solution provider said it has acqui-hired Bengaluru-based web and mobile app development company, Pixlcoders. LetsTransport has on-boarded the team of the Pixlcoders with an aim to strengthen the supply chain, boosting technology and enhancing its applications, a statement said. "With this acqui-hire decision, LetsTransport aims to further build on disruptive technology for logistics and expand its presence in India," it added. Pixlcoders, a team of 10 tech-enthusiasts along with its senior management will also help the brand in customised solutions such as user research, market validation, enriched UX and branding, the statement said. Founded in 2016 by Suresh P and Punam Garu, Pixlcoders offers affordable customised software, digital products, ...

Diptab owned LetsTransport Secures Rs 100 crore in Series B Funding

Diptab, the owner of trucking logistics company LetsTransport has secured funds amounting to Rs 100 crore ($14.2 million) in Series B funding. This round was led by Bertelsmann India Investments and a Japanese-origin investor. Fosun RZ Capital, the venture capital arm of Chinese conglomerate Fosun International, participated in the round earlier this year. It has been reported that the developments pegged the valuation of the company, which provides intra-city logistics services, at $80-100 million. “We will use the proceeds to move into newer segments such as pharmaceuticals, consumer durables and cement, among others… We will also expand our presence to 20 more towns and cities, up from our current seven, by 2020,” Singh stated. Founded by IIT K...

IoT And SaaS Startup TempoGo Raises Fresh Funding

IoT (Internet of Things) and SaaS (Software as a Service) startup TempoGo has recently raised a funding of $250K from Javelin Startup-O Victory Fund. TempoGo also raised an additional funding from Dubai based NB Ventures, a $50 million fund whose Indian investments include logistics startup LetsTransport and fitness app HealthifyMe. This round makes the total funding raised to $1.35 million. TempoGo raised the funding after winning an international startup competition held by Singapore based investment platform Startup-O. Earlier this year, Carryage Technologies Pvt. Ltd, which runs TempoGO, had raised Rs 5.6 crore ($825,000 then) led by Hong Kong-based K2 Investments. The round also saw participation from other investment bankers. “TempoGO has been revenue-positive since incepti...