Porter Raises $200 Million, Valuation Hits $1.2 Billion
ECONOMY & POLICY

Porter Raises $200 Million, Valuation Hits $1.2 Billion

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

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

Next Story
Infrastructure Transport

Centre Clears Rs 7.2 Billion for Dehradun Road Upgrade

The Central Government has approved a Rs 7.2 billion project to enhance road connectivity and traffic safety in Dehradun district, Uttarakhand. The initiative focuses on improving the Dehradun–Lal Tappar–Nepali Farm stretch of National Highway 7 and the Nepali Farm–Motichur section of National Highway 34, covering a total length of 36.82 kilometres.According to the Uttarakhand Chief Minister’s Office, the project will include key infrastructure upgrades such as grade separation at busy intersections and the construction of service roads to segregate local and through traffic. These imp..

Next Story
Building Material

Adani Cement Powers Iconic Chenab Rail Bridge Build

Adani Cement, which includes Ambuja Cements and ACC under the diversified Adani portfolio, played a central role in the construction of the world’s highest railway arch bridge over the Chenab River in Jammu and Kashmir. The landmark project, a symbol of India’s infrastructure ambitions, was led by Indian Railways.Adani Cement supplied approximately 65,000 metric tonnes of Ordinary Portland Cement (OPC) 43 Grade, known for its high strength and durability. The grade was specifically chosen to meet the demanding structural and environmental conditions of the mountainous region, making the co..

Next Story
Infrastructure Urban

Minda, Toyodenso Form JV for Auto Switches in India

Minda Corporation Limited has signed a joint venture agreement with Japan’s Toyodenso Co. to manufacture automotive switches for the Indian market. The partnership features a 60:40 shareholding structure, with Minda Corporation holding the majority stake.The new venture will design, develop, manufacture, and market automotive switches for two-wheelers, passenger vehicles, and other segments. A greenfield manufacturing facility will be set up in Noida, Uttar Pradesh, and is expected to commence operations in the second half of financial year 2026–27.According to the announcement made on 11 ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?