India, March 23 -- Fleet management startup LetzRyd has raised $4 Mn (about Rs.38 Cr) in a fresh funding round led by JIF Capital Ltd, with participation from 15th Rock and existing investor UNLEASH Capital Partners.

The startup intends to utilise the fresh capital to accelerate expansion, enter new markets and scale its vehicle base. Besides, it also intends to deepen its investments in technology and operational infrastructure.

Founded in 2023 by Tarun Jain, Kushagra Dokania, and Sarvagna G, LetzRyd operates a fleet of over 1,000 cars and drivers which it leases to taxi-hailing service companies. Currently operational in Hyderabad, Bengaluru and Mumbai, it plans to expand its operations to markets like Delhi and Chennai soon. 

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