LetzRyd Secures USD 4 Million in New Funding Round
Investment Details
New Delhi-based mobility fleet platform LetzRyd announced on Monday that it has raised USD 4 million (over Rs 35 crore) in a new funding round.Investors
The round was led by JIF Capital Ltd. and included participation from Japan-based venture capital firm 15th Rock, and existing investor UNLEASH Capital Partners, Inc.Funding Utilization
The fresh capital will be strategically deployed to bolster LetzRyd’s fleet network, scale its operating platform, and enhance technology-driven fleet and driver lifecycle management. Specifically, the funds will be used to strengthen systems that improve vehicle utilization and service efficiency. Furthermore, the investment will support driver-focused initiatives aimed at expanding access to financial stability and ownership-linked opportunities.Company Overview
LetzRyd provides vehicles and drivers to taxi-hailing service companies. It also develops pathways for vehicle ownership for drivers, including leasing options, for drivers and their management companies.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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