Porter raises $200 Mn led by Kedaara and Wellington Management
Summary
Porter, an on-demand goods transport agency, has raised $200 million in its Series F funding round, led by Kedaara Capital and Wellington Management.Existing investor Vitruvian Partners also participated in the round, which is a combination of primary investment and secondary share sales by select existing shareholders.As per several media reports, the company has been valued at $1.1-1.2 billion, making it the third unicorn of 2025. It raised $100 million Series E round led by Tiger Global and Vitruvian Partners in October 2021 at a valuation of around $500 million.Porter company provides a full-stack logistics platform to help businesses optimize their last-mile delivery operations. It primarily serves micro, small, and medium enterprises (MSMEs) and has expanded its presence to over 20 cities in India.Anant Gupta, Partner and Ashutosh Sardesai, Director at Kedaara Capital, said, In a largely unorganized and underserved market, Porter has built a tech-first, asset-light platform that delivers seamless, reliable logistics solutions at scale. Their strong execution, deep market understanding, and unwavering focus on customer and partner experience have created significant network advantages. We look forward to supporting Uttam, Pranav, and the entire Porter team as they continue to drive innovation, empower driver-partners, and expand their leadership across Indias intra-city logistics ecosystem.For the fiscal year ending in March 2024, Porters revenue from operations grew 55.9% to Rs 2,733.8 crore.