• Porter raised $200 million in a Series F round led by Kedaara Capital and Wellington Management.
  • The startup’s valuation is now estimated between $1.1 billion and $1.2 billion, making it India’s newest unicorn.

Bengaluru-based on-demand logistics platform, Porter has become India’s latest entrant to the unicorn club following a successful Series F funding round worth $200 million (approximately ₹1,700 crore). The round was led by Kedaara Capital and Wellington Management, with continued backing from existing investor Vitruvian Partners.

The fresh capital includes a combination of primary investment and secondary share sales involving select early stakeholders. While Porter has not officially confirmed its current valuation, reports suggest it now ranges between $1.1 billion and $1.2 billion.

Founded in 2014 by IIT alumni Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter has steadily grown into a key player in India’s logistics ecosystem. Its core offerings include intra-city trucking, packers and movers services, and enterprise logistics solutions. Porter’s tech-enabled, asset-light platform connects customers to a fleet of vehicles for streamlined goods transportation across urban areas.

The company’s rise in a traditionally fragmented sector has drawn strong investor interest. Anant Gupta, Partner, and Ashutosh Sardesai, Director at Kedaara Capital, stated,

“In a largely unorganised and underserved market, Porter has built a tech-first, asset-light platform that delivers seamless, reliable logistics solutions at scale. Their strong execution, deep market understanding, and unwavering focus on customer and partner experience have created significant network advantages. We look forward to supporting Uttam, Pranav, and the entire Porter team as they continue to drive innovation, empower driver-partners, and expand their leadership across India’s intra-city logistics ecosystem.”

Porter becomes the third Indian startup to cross the billion-dollar valuation threshold in 2025, following Netradyne and Juspay. Its latest milestone reinforces investor confidence in India’s logistics and mobility space as demand for hyperlocal services continues to rise.

Edited by Harshajit Sarmah