LetzRyd, a mobility platform that helps build and manage urban transport fleets, has raised $4 million in a Series A funding round. The round was led by JIF Capital.
Other investors, including Japan-based firm 15th Rock and existing investor UNLEASH Capital Partners, also took part. This is 15th Rock’s first investment in India.
The Bengaluru-based startup had earlier raised $1 million in a pre-Series A round from UNLEASH Capital Partners.
“We believe LetzRyd is well positioned to play an important role in shaping the next phase of mobility growth,” said Supriya Singh of JIF Capital.
Founded in 2023 by Tarun Jain, Kushagra Dokania, and Sarvagna G. The company provides fleet solutions for ride-hailing platforms by offering vehicles through leasing and managing their deployment.
It uses smart financial planning, efficient operations, and technology to track and improve how vehicles are used, helping them run more smoothly and stay active longer.
LetzRyd also provides both vehicles and drivers to ride-hailing companies, while giving drivers a chance to own vehicles through leasing options.
In its first year, the company says it helped drivers increase their earnings by 20–22% and also reduced the number of drivers leaving the platform compared to industry levels.
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