Information on the target
Bertelsmann Investments (BI) has demonstrated remarkable growth in the first half of 2026, with revenues soaring to €451 million, up from €280 million in the same period of the previous year. This impressive 45.1 percent organic growth is largely attributed to the outstanding performance of its mobile ad tech platform, AppLike, which achieved an organic growth rate of 54 percent. The adjusted operating EBITDA also saw a significant increase, rising to €57 million compared to €43 million in H1 2025. As of June 30, 2026, BI's active portfolio comprises 328 investments worldwide, reflecting its commitment to fostering innovative companies and funds.
Industry overview in the target’s specific country
The Ground Freight & Logistics (NEC) industry in India has been experiencing robust growth, driven by the rapid expansion of e-commerce and increasing demand for efficient supply chain solutions. The sector is characterized by a diverse range of players, from traditional logistics providers to tech-driven startups, all vying for market share in a landscape that is evolving rapidly. The Indian government's initiatives to improve infrastructure and logistics efficiency, such as the National Logistics Policy, have further bolstered the industry's growth prospects.
In recent years, the Indian logistics market has witnessed significant investments, particularly in technology and automation. Companies are increasingly adopting digital solutions to enhance operational efficiency and customer service. The rise of last-mile delivery services has also transformed the logistics landscape, catering to the growing expectations of consumers for faster and more reliable deliveries. This shift has opened up new avenues for growth, particularly for companies that can leverage technology to streamline operations.
Moreover, the COVID-19 pandemic has accelerated the adoption of digital logistics solutions, as businesses sought to adapt to changing consumer behaviors and supply chain disruptions. This trend is expected to continue, with companies increasingly focusing on building resilient supply chains that can withstand future challenges. As a result, the Ground Freight & Logistics industry in India is poised for sustained growth, driven by innovation and a focus on customer-centric solutions.
The rationale behind the deal
The strategic investments made by Bertelsmann Investments in the Ground Freight & Logistics sector align with its broader objective of capitalizing on high-growth markets. By integrating companies like LetsTransport into its portfolio, BI is not only enhancing its operational capabilities but also positioning itself to benefit from the burgeoning demand for logistics solutions in India. The focus on innovative companies within this sector underscores BI's commitment to fostering growth in areas that are critical to the future of commerce.
Information about the investor Bertelsmann Investments is a global investment platform that consolidates the venture capital activities of the Bertelsmann Group, focusing on driving best-in-class returns and empowering entrepreneurship worldwide. With a diverse portfolio that includes funds such as Bertelsmann Asia Investme…