LetzRyd Secures USD 4 Million Funding Led by JIF Capital to Expand Fleet

• LetzRyd, a start-up mobility fleet platform, raised USD 4 million (over Rs 35 crore) in a new funding round.
• The funding was led by JIF Capital Ltd., with participation from Japan-based 15th Rock and existing investor UNLEASH Capital Partners, Inc.
• The fresh capital will be used to strengthen LetzRyd’s fleet network, scale its operating platform, and improve technology-led fleet and driver lifecycle management.
• Funds will also enhance vehicle utilisation, service efficiency, and driver-focused initiatives for financial stability and ownership.
• LetzRyd provides vehicles and drivers to taxi-hailing services, offering vehicle ownership pathways including leasing for drivers.