Porter, the on-demand intra-city logistics platform, has raised USD 200 million (~INR 1,708 crore) in its Series F round led by Kedaara Capital and Wellington Management. The funding values the Bengaluru-based startup at USD 1.1 to 1.2 billion (~INR 10,251.02 crore), making it India’s second unicorn of 2025 after Netradyne.
The latest round is a big milestone for Porter, the company has raised USD 100 million (~INR 855 crore) in Series E round in October 2021 at USD 500 million (~INR 4,271 crore) valuation. The company founded in 2014 by Pranav Goel, Vikas Chaudhary and Uttam Digga has doubled its valuation and become a key player in India’s fragmented logistics market. Recent trends indicate that the company, having completed its Series F funding round, is likely to launch its IPO in the near future. We can expect Porter IPO soon.
