Porter, the startup that’s made booking a mini-truck as easy as ordering dinner, has officially hit unicorn status. The Bengaluru-based company just snagged $200 million (roughly Rs 1,700 crore) in a Series F round, pushing its valuation somewhere between $1.1 and $1.2 billion — though they’re keeping mum on the exact number for now.
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The round was spearheaded by private equity firm Kedaara Capital and global investment powerhouse Wellington Management, with ongoing support from existing backer Vitruvian Partners. The fresh funds include both new capital and some share buyouts from early investors cashing in.
Started back in 2014 by IIT trio Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter has carved out a serious niche in India’s chaotic, hyperlocal logistics space. Their app hooks up small businesses and everyday folks to a flexible fleet — trucks, movers, bikes, the whole deal — making same-city delivery less of a headache.
With India’s intra-city transport largely dominated by the unorganised sector, Porter’s tech-driven, asset-light model is hitting the right notes. Kedaara’s Anant Gupta and Ashutosh Sardesai called it a game-changer, praising the team’s sharp execution and deep understanding of the street-level logistics game. “They’re building more than a business — they’re creating a network economy that works for everyone from local kiranas to large enterprises,” they said.
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This isn’t just a win for the founders — it’s also a major signal that investors are still placing big bets on digital-first logistics, even in a cautious funding environment. Expect Porter to ramp up expansion, deepen its tech play, and bring even more driver-partners into the fold.
