When was LetzRyd founded?

LetzRyd was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is LetzRyd located?

LetzRyd is headquartered in Bengaluru, India. It is registered at A-624, ASCOT BLOCK RAJA, ARISTOS DODDA KAMMANAHAL, Hulimavu, Bangalore, Bangalore South, Karnataka, India, 560076.

Who is the current CEO of LetzRyd?

Tarun Jain of LetzRyd. They have also founded 1 company.

Which legal entities is LetzRyd associated with?

LetzRyd is associated with SAMVREEDDHI MOBILITY PRIVATE LIMITED.

How many employees does LetzRyd have?

As of Mar 01, 2026, LetzRyd has 54 employees, reflecting a 75% year-over-year growth in headcount.

Is LetzRyd a funded company?

LetzRyd is a funded company, having raised a total of $5.11M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 10, 2024.

How much is LetzRyd worth?

The latest valuation of LetzRyd is $***** as of Mar 23, 2026.

When was the latest funding round of LetzRyd?

LetzRyd's latest funding was a $***** Series A round on Mar 23, 2026, with participation from 4 investors. Its primary sector is Road Transport Tech. In India, the Road Transport Tech sector has seen $383M in funding in 2026 to date.

What is the annual revenue of LetzRyd?

Annual revenue of LetzRyd is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does LetzRyd rank among its competitors?

LetzRyd ranks 1st amongst 1 active competitors, only 1 of which is funded. LetzRyd, which secured $4M in Mar, 2026.

LetzRyd - 2026 Company Profile, Team, Funding & Financials

LetzRyd is a series A company based in Bengaluru (India), founded in 2023 by Tarun Jain, Gourawaram Sarvagna and Kushagra Dokania. It operates as an Operator of vehicle fleets for use on ride hailing platforms. LetzRyd has raised $5.11M in funding from Dbest Cars and UNLEASH, with a current valuation of $*****.

Company Details

Operator of vehicle fleets for use on ride hailing platforms. This business provides vehicles to individuals who perform transportation services through digital booking applications. The model involves managing vehicle maintenance, documentation, and administrative requirements to ensure that cars remain available for service. By maintaining a fleet of automobiles, the organization facilitates the connection between vehicle availability and the demand for transportation services. The focus remains on the operational management of assets to support the requirements of drivers and the broader transportation ecosystem.

Website: letzryd.com
Social
Email ID: *****@letzryd.com
Phone Number: +91 **********
Registered Address: A-624, ASCOT BLOCK RAJA, ARISTOS DODDA KAMMANAHAL, Hulimavu, Bangalore, Bangalore South, Karnataka, India, 560076

Key Metrics

Founded Year

2023

Location

Bengaluru, India

Stage

Series A

Total Funding

$5.11M in 3 rounds

Latest Funding Round

Series A, Mar 23, 2026, $*****

Post Money Valuation

$***** as on Mar 23, 2026

Investors

Dbest Cars & 13 more

Ranked

1^st among 1 active competitor

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

54 as on Mar 01, 2026

Similar Companies

DriveItAway & 39 more

View LetzRyd's full profile

LetzRyd is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SAMVREEDDHI MOBILITY PRIVATE LIMITED CIN: U77100KA2023PTC180350 , India, Active	Oct 27, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	73 (As on May 01, 2026)

LetzRyd has raised a total funding of $5.11M over 3 rounds. Its first funding round was on Jun 10, 2024. Its latest funding round was a Series A round on Mar 23, 2026 for $*****. 4 investors participated in its latest round. LetzRyd has 5 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of LetzRyd:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 23, 2026	5340016	Series A	6263942	8085353	3436873	8863560
Sep 09, 2024	3039800	Seed	2976656	6298181	7025413	5851900
Jun 10, 2024	8482686	Seed	6994745	5907483	3601680	Sanjay Kumar Agarwal

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View details of LetzRyd's funding rounds and investors

The founders of LetzRyd are Tarun Jain, Gourawaram Sarvagna and Kushagra Dokania. Tarun Jain is the CEO of LetzRyd.

Here are the details of LetzRyd's key team members:

Tarun Jain: Co-Founder & CEO of LetzRyd. They serve on the board of 1 company.
Contact Info: 1 phone number
Gourawaram Sarvagna: Co-Founder of LetzRyd. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Kushagra Dokania: Co-Founder & CFO of LetzRyd. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

LetzRyd's Board of Directors

LetzRyd's board has 3 active members. Tarun Jain, Gourawaram Sarvagna and Kushagra Dokania are part of team.

Here is the list of LetzRyd's board of directors:

Name	Type	Representing	Status	Duration
Tarun Jain	Team	-	Current	2y 7m
Gourawaram Sarvagna	Team	-	Current	2y 3m
Kushagra Dokania	Team	-	Current	2y 7m

View details of LetzRyd's Founder profiles and Board Members

LetzRyd's employee count trend

LetzRyd has 54 employees as of Mar 26. The total employee count is 74.0% more than what it was in Mar 25. Here is LetzRyd's employee count trend over the years:

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Founders (largest shareholder) own 58.22%, Funds own 34.04%, Enterprises own 1.85% and Angels own 1.31%. The net worth of LetzRyd's founders is INR 105Cr as of Mar 23, 2026. The cap table displayed below is for SAMVREEDDHI MOBILITY PRIVATE LIMITED which is the legal entity associated with LetzRyd.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	58.22%	105Cr	2455359	3264954	5632569	4674847
Kushagra Dokania	3589725	9416978	5688533	5573803	4857727	4520144
Gourawaram Sarvagna	43328	86913	22653	86507	86685	83124
Fund	34.04%	61.3Cr	3873215	7710425	5272583	6510018
UNLEASH	2177686	9120323	6370505	4942004	2832511	3257150
15th Rock	4783	1939	8314	7544	2527	1107
Enterprise	1.85%	3.33Cr	7	2	3	1
Angel	1.31%	2.36Cr	5	1	1	4
Sanjay Kumar Agarwal	0	0	0	0	0	0
Other People	0.58%	1.05Cr	0	0	0	0
ESOP Pool	4.00%	7.2Cr	403	336	496	372
Total	100.00%	180Cr	3086368	6294339	3084608	4005233