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 $357M 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

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

Hyrecar & 34 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	Documents
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	7698252	Series A	6201730	1574210	1591945	2799342
Sep 09, 2024	5116955	Seed	5811524	3889622	1519373	8560406
Jun 10, 2024	7248517	Seed	9792660	1105791	8574750	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	1y 10m
Gourawaram Sarvagna	Team	-	Current	2y 0m
Kushagra Dokania	Team	-	Current	1y 10m

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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	58.22%	105Cr	7419962	1760561	1327258	6617948
Kushagra Dokania	2058802	9707153	1814358	1461369	1104881	4427534
Gourawaram Sarvagna	20673	45049	78869	69565	70648	60461
Fund	34.04%	61.3Cr	5762145	3650712	5620829	2092421
UNLEASH	1945947	1307389	5277932	2667813	3519794	6866588
15th Rock	7197	7286	1474	6058	8524	9285
Enterprise	1.85%	3.33Cr	2	3	2	5
Angel	1.31%	2.36Cr	1	7	3	1
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	515	217	103	772
Total	100.00%	180Cr	6888477	7049324	7211941	1604131