Porter becomes Unicorn with $200M raise

Porter, an on-demand logistics startup, raised $200 million in Series F funding, led by Kedaara Capital and Wellington Management.

• The company has officially become India’s third unicorn of 2025 with a valuation now between $1.1–1.2 billion.

Porter operates like Uber for goods transport, providing an on-demand logistics platform primarily for micro, small, and medium enterprises (MSMEs). Its offerings include everything from mini-truck rentals to full-stack tech for streamlining last-mile delivery.

By the numbers: in FY24, the company clocked ~₹2,700 crore in revenue, a 56% jump YoY. More impressively, it cut losses by 45%, down to ₹95.7 crore from ₹174.6 crore in FY23.

Porter operates across 20+ Indian cities, powering efficient deliveries.