Porter secures $200 million in Series F funding.
Porter secures new funding.
Bengaluru Startup Porter Funding News: Bengaluru-based on-demand logistics platform Porter has raised $200 million in a Series F funding round led by Kedaara Capital and Wellington Management. Following the fundraise, Porter has entered the unicorn club, with a valuation estimated between $1.1 billion and $1.2 billion.
Khaitan & Co advises Kedaara Capital
Anisha Chand, Khaitan and Company.
Khaitan & Co advised Kedaara Capital on the transaction, assisting the investor in obtaining unconditional approval from the Competition Commission of India for their investment in Porter. The Khaitan team included Anisha Chand (Partner), Alisha Mehra (Principal Associate), Rishabh Vohra (Senior Associate), and Ritika Ghosh (Associate).
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Anagram Partners advises Wellington Management
Simone Reis, Anagram Partners.
Anagram Partners acted for Wellington Management on the deal. The team was led by Simone Reis (Partner), with Shwetank Chaubey (Principal), Sarthak Parnami (Principal), and Associates Rishabh Chhabaria, Sakshi Agarwal, and Vaidehi Joshi providing support.
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About Porter
Founded in 2014, Porter is a tech-enabled intra-city logistics platform connecting businesses and individuals with on-demand trucks, two-wheelers, tempos, and enterprise solutions to simplify urban deliveries. The startup has expanded its footprint across India, offering efficient, flexible, and scalable logistics solutions.
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Significance of the fundraise
The Series F funding will enable Porter to scale operations, expand its technology offerings, and strengthen its presence in urban logistics. The unicorn milestone underscores Porter’s rapid growth and the rising investor interest in India’s logistics tech sector.
