Logistics startup Porter has raised $200 Mn in a Series F funding round led by Kedaara Capital and Wellington Management, valuing the company at approximately $1.2 Bn. The round included both primary investment and secondary share exits by existing investors.

Founded in 2014, Porter plans to utilise this capital to expand into new cities, build its team, and advance its technology. The company aims to serve Mns of micro, small and medium enterprises (MSMEs) and offer opportunities to over one Mn gig workers.

Porter had entered the unicorn club in its previous funding round. Now marking ten years in business, the company operates in twenty-two Indian cities and is also present in two international markets. Over time, it has emerged as a tech-focused, asset-light platform delivering efficient logistics solutions at scale.

This funding reinforces Porter’s commitment to transforming urban logistics by making it more inclusive, intelligent, and accessible.

Source:The New Indian Express