Porter's Monumental $200 Million Fundraise

In a landmark achievement, Porter, the on-demand logistics platform, has successfully raised $200 million in a Series F funding round. This significant investment, led by Kedaara Capital and Wellington Management, propels Porter into the elite unicorn club with a staggering valuation of $1.1-$1.2 billion.

India's Emerging Unicorn Landscape

Marking its place as India's second unicorn of 2025, Porter follows in the footsteps of AI-powered fleet safety startup Netradyne. This comes at a time when the global venture slowdown has led to a cautious funding environment, with India witnessing only two unicorns in the year.

Expanding Horizons

Since its inception in 2014, Porter has revolutionized the logistics space, offering a wide range of services including on-demand trucks, two-wheelers, and enterprise logistics. With operations spanning 22 Indian cities and a presence in two overseas markets, Porter serves over 30 lakh customers and engages approximately 3 lakh gig workers monthly.

Future Endeavors

The fresh capital infusion is set to fuel Porter's expansion into additional cities, enhance its technological infrastructure, and support over 1 million gig workers, further solidifying its position as a leader in the logistics sector.

Investor Confidence

"Porter has built a tech-first platform that delivers reliable logistics solutions at scale in an unorganized and underserved market," stated Kedaara Capital’s Anant Gupta and Ashutosh Sardesai, highlighting the company's asset-light model and operational discipline as key strengths.