VC fund Bertelsmann takes majority stake in logistics firm Lets Transport

German media and services group Bertelsmann ‍has taken a majority stake in logistics platform Lets Transport, ⁠hoping to build on its presence in India as an important growth market, the head of its investment division told ‌Reuters.

“We now ‌have 80%,” Bertelsmann Investments CEO Carsten Coesfeld said in an interview ‌published on Tuesday.

Bertelsmann, which owns publisher Penguin Random House and is also active in services and education, has held a stake in Lets Transport since late 2018.